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SEBI allows PE-backed Prabhat Dairy to extend delisting period but adds a rider

SEBI allows PE-backed Prabhat Dairy to extend delisting period but adds a rider

21 Dec 2020

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SEBI allows PE-backed Prabhat Dairy to extend delisting period but adds a rider

Credit: Pixabay

The Securities and Exchange Board of India has allowed Prabhat Dairy Ltd six more months to comply with delisting rules in a move that will allow the company’s private equity backers to complete a long-awaited exit. Prabhat Dairy now has until April 13, 2021, to adhere to SEBI’s delisting regulations, the ......