|
|
|
You can get e-magazine links on WhatsApp. Click here
|
|
|
|
|
|
Dodla Dairy to acquire HR Food Processing in expansion move
|
|
Tuesday, 22 July, 2025, 08 : 00 AM [IST]
|
|
Our Bureau, Mumbai
|
Dodla Dairy's board has approved the acquisition of 100 percent equity in HR Food Processing, for a total value of Rs 271 crore.
The acquisition, approved during the board meeting was structured as a fully cash transaction and expected to be completed within one to two months from the date of signing the share purchase agreements and associated documents. According to the company's regulatory filing, the proposed deal values HR Food Processing at an enterprise value of Rs 247.2 crore, with an additional Rs 23.8 crore in net cash on the books of the target company.
Upon completion, it will become a wholly-owned subsidiary of the company, incorporated under the Companies Act, 1956, operates in Jharkhand and Bihar under the brand name ‘Osam’, and is known for its presence in regional dairy markets. This strategic acquisition is expected to strengthen its market presence in Eastern India.
|
|
|
|
|
|
|
|
|
|