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Heritage Foods to acquire Dairy Business of RRL through slump sale

29 Oct 2016 Evaluate

Heritage Foods has executed a binding agreement to acquire the Dairy Business of Reliance Retail (RRL) through slump sale. The proposed transaction is subject to regulatory approvals and other conditions and procedures that are customary for similar transactions. Post the transaction, RRL will continue to trade in dairy products including Heritage dairy products through its retail and wholesale channels.

Dairy Business of RRL operates a pan-India dairy procurement, processing and distribution platform under the two brands, namely, ‘Dairy Life’ and ‘Dairy Pure’. It offers a wide variety of products such as Packed Milk, Flavored Milk, Butter, Ghee, Curd, Dairy Whitener, Sweets and Skimmed Milk Powder. It has been operational since 2007 and generated revenue of Rs 553 crore in FY 2015-16. Currently it procures 2.25 lakh litres of milk per day from 2,400 villages in 10 states.

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.



Heritage Foods Share Price

359.10 3.65 (1.03%)
17-Apr-2026 16:59 View Price Chart
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