Dodla dairy files papers for an IPO with SEBI to raise Rs 800 Crores
Dodla Dairy compares itself with listed companies namely Hatsun Agro Products, Heritage Foods and Parag Milk Foods. South-based dairy company Dodla Dairy has filed draft red herring prospectus with the capital market regulator Sebi, for its initial public offering. A source close to the developments said the issue size could be around Rs 800 crore. […]
IFC to fund Parag’s milk working cap and expansion plans
Parag Foods Limited (Parag) is planning to raise money from International Finance Corporation (IFC) for meeting the company’s working capital needs and for its long-term expansion plan. IFC committed around $31 million (around Rs 230 crore) to Parag in the form of non-convertible debentures to support the company’s working capital needs and long term Capex […]
Parag Milk Foods sets up lactose manufacturing facility
With the intent of expanding its health & nutrition business, the leading manufacturer & marketer of dairy-based branded products, Parag Milk Foods informed the bourses on Wednesday that it has established state-of-the-art facilities with a capacity to manufacture 40 MT of lactose per day. The company is one of the leading cheese producers in the […]
Pride of Cow Single Origin ghee launched at Rs 1500 per liter
Parag Milk Foods Ltd, launched Pride of Cows ‘Single Origin Ghee’ made from Pride of Cows milk on Aug 31. Parag is a leading dairy FMCG Company with popular brands like ‘Gowardhan’, ‘Go’, ‘Pride of Cows’, and ‘Avvatar’, . Pride of Cows Single Origin Ghee is made to achieve the perfect balance of aroma and […]
Launch of curd moved stocks price of Parag milk foods by 7%
Could launch of premium curd have such an impact on shares of a dairy company ? It has happened for the first time in India. Shares of Parag Milk Foods rallied as much as 7 per cent to Rs 111.70 a piece. I happened after the company introduced a new product to its premium category. […]