In a significant move to strengthen its market presence in Eastern India, Dodla Dairy has announced the acquisition of HR Food Processing Pvt. Ltd. in a fully cash transaction valued at ₹271 crore.
The board of Dodla Dairy approved the acquisition of 100% equity in HR Food Processing during its recent meeting. According to the regulatory filing, the deal comprises an enterprise value of ₹247.2 crore along with ₹23.8 crore in net cash available on the target company’s books.
HR Food Processing, incorporated under the Companies Act, 1956, operates under the brand name ‘Osam’, and has a strong foothold in the dairy markets of Jharkhand and Bihar. The acquisition is expected to be completed within one to two months, following the signing of the share purchase agreement and related documents.
Once completed, HR Food Processing will become a wholly-owned subsidiary of Dodla Dairy. This strategic acquisition aligns with Dodla’s ongoing expansion strategy and is poised to enhance its distribution and brand presence in Eastern India.
With this acquisition, Dodla Dairy continues its focus on regional consolidation and broadening its reach in the Indian dairy sector, tapping into the growing demand for quality dairy products across tier-2 and tier-3 markets.
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