Tata Sons rejects â¹400-cr bid to buy Prabhat Dairy: Reports
The Tata Sons board has reportedly rejected a proposal for Tata Global Beverages to purchase Mumbai-based Prabhat Dairy for about â¹400 crore. The board did not consider the proposal to be "significant enough" and wanted Tata's beverage segment to focus on its core business, reports added. Following this, shares of Prabhat Dairy plunged as much as 17.4% on Monday.