Dodla Dairy has executed business transfer agreement with Sri Krishna Milks (SKMPL) for acquisition of business as a ‘going concern’ and on slump purchase basis for consideration of Rs 50 crore on the terms and conditions more specifically defined in the agreement. The deal is expected to be concluded in around two months from the date of the acquisition. The consideration would be in the form of cash.
Dodla Dairy is involved in is procuring, processing and Marketing of Milk and Milk Products. The company has created integrated Cold Chain facilities from producer to consumer to ensure Farm Fresh Milk at their door steps.
