StockWatch
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Road Transport
Acquisitions7 Jul 2026, 08:20 pm

Desi Farms India Acquires SNA Milk & DFSU Farmer Connect

AI Summary

Desi Farms India Limited has approved the allotment of 36,56,494 5% Compulsorily Convertible Debentures on a preferential basis to shareholders of SNA Milk and Milk Products Limited and DFSU Farmer Connect Private Limited. This is part of an acquisition strategy to gain a 73.66% stake in SNA and a 62.67% stake in DFSU. SNA, with a turnover of ₹33.74 crore, is involved in milk and dairy product manufacturing and distribution. DFSU, incorporated in August 2025, focuses on ice cream and food product manufacturing and distribution. The acquisition aims to diversify Desi Farms' business into the stable dairy sector, leverage operational synergies, and improve financial performance.

Key Highlights

  • Desi Farms India acquires majority stakes in SNA Milk and DFSU Farmer Connect.
  • Acquisition involves preferential allotment of Compulsorily Convertible Debentures.
  • SNA had a turnover of ₹33.74 crore in the last financial year.
  • Transaction is a related party transaction executed at arm's length.
  • Acquisition supports strategic expansion into the dairy and ice cream sector.