Why Is Prabhat Dairy Quoting at a 60.10% Discount to its Value?
Debashis Basu  and  Harsh Gadodia 25 January 2019
Prabhat Dairy has struck a deal with French major Lactalis to sell its dairy business for Rs1,700 crore at 1.1 times its FY17-18 sales. The transaction constitutes 98.24% of the consolidated revenue of Prabhat Dairy and contributed Rs1,529 crore in sales in FY17-18. The deal is expected to close by Q1FY19-20.
The deal value is significantly higher than Prabhat Dairy's enterprise value of...
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