The Board of Directors of Heritage Foods Ltd at their meeting held on February 28, 2020 approved to sale of all the tangible assets (viz. Land, Buildings and Plant & Machinery etc.) of the dairy plant located at Bhambri Village, Thesil Khamanon, Fatehgarh Sahib District, Punjab as a part of our business rationalisation in Northern India.
The consideration to be received for such sale is Rs 21.20 crs exclusive of applicable taxes.
The buyer is Kaira District Milk Producers Union Ltd.; (Amul Dairy), Anand, Gujarat-388001, India.
Shares of Heritage Foods Limited was last trading in BSE at Rs.365.8 as compared to the previous close of Rs. 339.8. The total number of shares traded during the day was 9920 in over 740 trades.
The stock hit an intraday high of Rs. 402.05 and intraday low of 324.75. The net turnover during the day was Rs. 3700615.