Dodla Dairy to Acquire 100% Share Capital of HR Food Processing for Rs. 271 Crores

Dodla Dairy Limited has approved the acquisition of 100% issued and paid-up share capital of HR Food Processing Private Limited. The acquisition, valued at Rs. 271 Crores, will enhance Dodla Dairy's market reach in the eastern region of India. HR Food Processing, a manufacturer of milk and milk products, has a strong presence in Bihar, Jharkhand, and the eastern dairy markets of India. The acquisition is expected to be completed within one to two months from the date of signing the SPAs and other transaction documents.