Acquisitions11 Jul 2025, 11:38 am
Dodla Dairy Acquires HR Food Processing for Rs. 271 Crores, Enhancing Market Reach in Eastern India
AI Summary
Dodla Dairy Ltd. has approved the acquisition of 100% issued and paid-up share capital of HR Food Processing Private Limited (OSAM) for a total purchase consideration of Rs. 271 Crores. This strategic acquisition aligns with Dodla Dairy's expansion strategy, aiming to enter new geographical markets and strengthen its presence in Bihar, Jharkhand, West Bengal, and Eastern India dairy market. The acquisition is expected to complete within one to two months from the date of signing the SPAs and other transaction documents.
Key Highlights
- Dodla Dairy to acquire 100% issued and paid-up share capital of HR Food Processing for Rs. 271 Crores.
- HR Food Processing is a manufacturer of milk and milk products with a strong presence in Bihar, Jharkhand, and Eastern India dairy market.
- The acquisition aligns with Dodla Dairy's expansion strategy and strengthens its presence in Eastern India.
- The transaction is expected to complete within one to two months from the date of signing the SPAs and other transaction documents.
- Post-acquisition, HR Food Processing will become a Wholly Owned Subsidiary of Dodla Dairy.