Promoter Krishan Kumar Goyal and PACs acquired 16 lakh shares of Modern Dairies, raising their stake from 29.65% to 33.40%. The acquisition was completed through the conversion of warrants allotted on a preferential basis.
A dairy manufacturer incorporated in 1992, Modern Dairies produces milk and milk products for consumers across India. The company operates across the complete value chain, from procurement of raw milk to processing, packaging, and distribution of dairy products. Modern Dairies serves retail and institutional customers through an established network of distribution channels spanning multiple regions.
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