Heritage Foods approves merger of wholly owned Livo yogurt subsidiary
HERITGFOOD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 0.3 pts more than its Dairy Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Heritage Foods' board approved merging its wholly owned Livo yogurt maker, Heritage Novandie Foods, into the parent. Court, shareholder and other approvals are pending. No cash or new shares are planned; the subsidiary's shares will be cancelled, so ownership will not change. FY2025-26: subsidiary sales Rs 4.05 crore and net worth Rs 17.62 crore; parent sales Rs 4,415.07 crore and net worth Rs 1,063.80 crore. It may simplify operations.
No new shares or cash payment are planned. If approved, the merger could simplify operations and cut costs, but completion depends on approvals.