Prabhat to sell dairy business to French firm for â¹1,700 cr
Mumbai-based Prabhat Dairy on Monday said it will sell its flagship dairy business to French dairy products giant Lactalis for â¹1,700 crore. Lactalis' Indian subsidiary Tirumala Milk Products will buy Prabhat's milk business as well as its subsidiary Sunfresh Agro Industries. Milk-processing contributed up to 98.24% of Prabhat Dairy's consolidated revenue.