Dodla Dairy Sebi’s go-ahead to float initial share-sales (IPO)
The two companies filed their preliminary papers with Sebi on February 15 and obtained its observations on April 23, an update with Sebi showed on Monday. Non-banking financial company Arohan Financial Services and Dodla Dairy, a leading dairy company in South India, have received capital markets regulator Sebi’s go-ahead to float initial share-sales. Sebi’s observation […]
Prabhat dairy to be delisted from the stock exchange from April 30th
Prabhat Dairy will be delisted from BSE and NSE on April 30, while trading in its equity shares will be discontinued from April 23, the exchanges said. This comes after the company complied with the formalities for voluntary delisting of equity shares. Further, exit option will be kept open by the promoter/ acquirer of the company — […]
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. […]
SEBI’s order directing Prabhat Dairy to deposit Rs 1,292 crore quashed
“The direction of the WTM to deposit a sum of Rs 1,292.46 crore is wholly arbitrary and has been passed without any application of mind,” the tribunal said. The Securities Appellate Tribunal (SAT) on November 9 quashed an order, passed by markets regulator Sebi, asking Prabhat Dairy to deposit over Rs 1,292 crore, and also directed […]
Prabhat Dairy share price up 13%
Prabhat Dairy’s share price surged 13 percent in the morning session on October 21, a day after the market regulator SEBI pulled up the company for not cooperating with the forensic auditor and asked it to deposit Rs 1,292 crore in a nationalised bank within seven days till the conclusion of the audit. The stock […]
SEBI pulled up Prabhat dairy on forensic audit
India’s market regulator has pulled up Prabhat Dairy for not cooperating with the Sebi-appointed forensic auditor Grant Thornton, and has directed the company to provide all the demanded documents without any delay. “The deliberate attempt on your part by not providing information/documents in relation to forensic audit citing vague and weak grounds was not in […]
