Intraday, the stock … Prabhat Dairy has proposed a voluntary delisting of shares. Delisting offers, which are the mirror image of IPOs, see equal fireworks too. What has come as a surprise is the pricing at which the promoters of Prabhat Dairy expect the shareholders to submit their shares. Prabhat Dairy to consider delisting of shares from exchanges on Sept 10; stock soars 20% The promoters intend to acquire a 49.9% stake from the public shareholders and then go for voluntary delisting. Currently, they hold a 50.1% stake in Prabhat Dairy, according to the stock exchange notification. Toll Free No: 1800 270 7777 to know more about us. Business | Written by Abhishek Vasudev | Friday September 6, 2019 .

Shares of Prabhat Dairy plunged 10.47% intraday to Rs 71 after the board approved a voluntary delisting of the company's shares. Prabhat Dairy is integrated milk and dairy products company in Maharashtra, India, catering to institutional and retail customers. Delisting of shares of Prabhat Dairy has been announced at Rs 63.77 a share which is at a discount to Rs 79.30, the price at which the company’s shares were changing hands a … Shares of Prabhat Dairy ended the day with 20% gains after the company proposed to voluntarily delist its equity shares.

Shares of Prabhat Dairy ended the day with 20% gains after the company proposed to voluntarily delist its equity shares. Investor Desk - Prabhat Dairy ltd. Karvy Fintech Private Limited Corporate Registry Karvy Selenium, Tower- B, Plot No.

Prabhat Dairy’s promoters intend to acquire about 48 million equity shares, or 49.9% stake in the company, from the shareholders and then go for voluntary delisting. The share price of Prabhat Dairy plunged 10 percent intraday after the company’s board approved delisting of shares at a much lower price. Shares of Prabhat Dairy hit upper circuit limit of 20 per cent on Friday after the company informed bourses that it is mulling to voluntarily delist the equity shares of the company from stock exchanges. A board meet has been planned on Tuesday to discuss the delisting proposal By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them.

This move was on expected lines as the company in a slump had sold 98 percent of its business. Prabhat Dairy fell 10 percent intraday on September 16 after the board approved a voluntary delisting of the company's shares.. Toll Free No: 1800 270 7777 to know more about us. The Prabhat Dairy delisting plan comes months after the company sold its core milk … Currently, they hold a 50.1% stake in Prabhat Dairy, according to the stock exchange notification.

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