Stocks

Parag Milk Foods: May feast on acquisition

| Updated on April 19, 2018 Published on April 19, 2018

Parag Milk Foods has acquired Danone’s manufacturing facility at Sonipat, Haryana, for ₹30 crore. The acquisition, which will help it expand its footprint in north and northeast India, is a strategic investment in strengthening Parag Milk’s fresh category distribution in these two regions of the country. The additional amenities in the plant will expand the company’s product portfolio in the region. Shareholders will closely monitor the development.

Published on April 19, 2018
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