The Board of Directors of Heritage Foods Ltd at its meeting held on Friday 25th March, 2022, approved the purchase of assets and acquiring of procurement & sales network from M/s Suguna Dairy Products (India) Private Limited for a cash consideration of INR 2.81 Crores.
M/s Suguna Dairy Products (India) Private Limited is engaged in the Dairy business (Milk and Milk Products). The proposed transaction is not to acquire a corporate entity, it is purchase of assets and acquiring of procurement & sales network from M/s Suguna Dairy Products (India) Private Limited.
M/s Suguna is having own procurement of 15000 lpd from 2 Chilling Centres and 10000 lpd from business Associates. Selling around 19000 lpd/kgpd (milk 17000 lpd & curd 2000 kgpd) in South Tamilnadu and Kerala markets.
Shares of Heritage Foods Limited was last trading in BSE at Rs. 328.90 as compared to the previous close of Rs. 331.70. The total number of shares traded during the day was 16313 in over 873 trades.
The stock hit an intraday high of Rs. 335.70 and intraday low of 327.60. The net turnover during the day was Rs. 5417614.00.
