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Prabhat Dairy Shares Hit Upper Circuit On Delisting Plans

The promoters of Prabhat Dairy are considering acquiring the entire 49.9 percent equity held by public shareholders.

Agam Vakil
A woman carries a pail of milk. (Photographer: Prashanth Vishwanathan/Bloomberg)

Shares of Prabhat Diary Ltd. hit the upper circuit of Rs 78.15 apiece, surging as much as 19.95 percent after it announced its delisting plans. The company said its founder promoters plan to voluntarily delist its equity shares from the bourses.

Also Read: Why Investors May Have Sent Prabhat Dairy Shares On A Wild Swing

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WRITTEN BY
Agam Vakil
With a master's degree in business, Agam has over 15 years’ experience in r... more
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