Heritage Foods is planning to set up a joint venture (JV) with a leading European company to collaborate on dairy products in India and overseas market. In this regard, the company has appointed SBI Capital Markets (SBICAP) as an investment banking service provider and financial adviser.
The Hyderabad-based dairy major is embarking on a new growth phase and seeking to expand its operations. As a part of this initiative, it is also exploring new avenues and considering setting up of a joint venture with a European major.
Heritage Foods is one of the fastest growing Private Sector Enterprises in India, with five-business divisions - Daily, Retail, Agri, Bakery and Renewable Energy under its flagship Company Heritage Foods.
