Debt company announces sale of business, investors jump, 65 paisa stock rises 8%

Shares of debt-ridden Future Consumers Ltd on Tuesday sold its dairy business ‘Nilgiri Dairy Farm’ at Rs. 67 crores was announced to be sold. The prospective customer has entered into a transfer agreement with AVA Cholayil Healthcare for the sale of the entire business of Nilgiri Dairy Farm Private Limited (NDFPL). Meanwhile, on Tuesday, the company’s shares rose by more than 8 percent.

What is the detail?
The deal includes franchise operations, retail operations of the dairy farm and sourcing, processing, packaging and marketing of its various products. In this regard, the board of Future Consumer approved the sale of NDFPL business to AVA Cholayil Healthcare in a meeting held on Tuesday. Under the deal Rs. The purchase price of Rs 67 crore will be paid in three installments.

Ambani’s new company bought 5 crore shares, the price was continuously falling after the listing, now it has become a rocket

Company shares
Shares of Future Consumer Ltd rose 8% on the NSE today to Rs. closed at 0.65. Earlier this stock was continuously decreasing. It has seen a decline of 23.53% in the last one month. The stock has fallen 58.06% this year YTD and 61.76% in the last one year. At the same time, there has been a sharp decline of 98.77% in the last five years. During this time the share has fallen from Rs.52 to the current price.