Joint Venture25 Mar 2026, 12:58 pm
Milkfood Ltd Agrees to Sell Property to Bareilly Dairies Limited for Rs. 130 Crores
AI Summary
Milkfood Ltd has entered into a fresh agreement to sell its property situated at Village Agwanpur, Moradabad, Uttar Pradesh, measuring 20.084 acres to M/s Bareilly Dairies Limited for a total consideration of Rs. 130 Crores. The net sale proceeds will be utilized to reduce borrowings and for business development activities of the Company. The buyers are not related to the Promoters/ Promoter Group/ Group Companies and the transaction does not fall under the ambit of Related Party Transactions.
Key Highlights
- Milkfood Ltd has agreed to sell its property in Agwanpur, Moradabad for Rs. 130 Crores.
- The net sale proceeds will be used to reduce borrowings and for business development activities.
- The buyers are not related to the Promoters/ Promoter Group/ Group Companies.
- The transaction does not fall under the ambit of Related Party Transactions.
- The revenue from the property in FY 2024-25 was Rs. 74.92 Crore.