Ace Investor, Mr. Utpal Sheth Invests in Parag Milk Foods

Parag Milk Foods Ltd., one of India's foremost dairy companies, is delighted to announce a proposed investment by Mr. Utpal Sheth, reflecting strong confidence in its growth trajectory and long-term vision.

A distinguished investor and financial strategist, Mr. Sheth brings over three decades of expertise in capital markets. Previously, he served as Senior Partner & CEO at RARE Enterprises, the multi-billion-dollar proprietary asset management firm founded by the late Mr. Rakesh Jhunjhunwala. Over the years, Mr. Sheth has cultivated deep proficiency in investment management, fundraising, M&A, buybacks, and corporate advisory, making him a valuable advocate for businesses with robust fundamentals.

An advocate of long-term value creation, he actively collaborates with investee companies to drive sustainable growth and enhance shareholder value. His investment in Parag Milk Foods reaffirms his confidence in the Company's vision, strategic direction, and pursuit of excellence in the dairy sector.

This development marks a significant milestone for Parag Milk Foods, further strengthening its position as a trusted leader in the Indian dairy industry.

Shares of Parag Milk Foods Limited was last trading in BSE at Rs. 168.85 as compared to the previous close of Rs. 169.50. The total number of shares traded during the day was 55925 in over 893 trades.

The stock hit an intraday high of Rs. 171.05 and intraday low of 162.55. The net turnover during the day was Rs. 9316808.00.

Source : Equity Bulls

Keywords

ParagMilkFoods INE883N01014 FundRaising PreferentialIssue AceInvestor UtpalSheth