Dodla Dairy has received approval for acquisition of 100% issued and paid-up share capital of HR Food Processing (OSAM) (Target Company) in compliance with the provisions of the Companies Act, 2013, SEBI Regulations and other Statutory requirements may be applicable. The Board of Directors of the company at their meeting held on July 11, 2025 has approved the same.
In this regard, the company shall enter into Share Purchase Agreements (SPAs), and other transaction documents / agreements with the existing promoters and shareholders of the Target Company to acquire 100% of issued and paid-up share capital of the Target Company. The completion of this acquisition is provisional to conditions precedent in the SPA and other transaction documents / agreements. Further, upon successful completion of the acquisition of 100% issued and paid-up share capital, the Target Company will become a Wholly Owned Subsidiary of Dodla Dairy.
This strategic acquisition aligns with the company's expansion strategy and will enhance its market reach in the eastern region of India. This acquisition strengthens Dodla Dairy’s presence in Bihar, Jharkhand, West Bengal and Eastern India dairy market.
Dodla Dairy is involved in procuring, processing and Marketing of Milk and Milk Products. It processes and sells milk including standardized, toned, and double toned milk, and produces dairy products like curd, butter, ghee, ice cream, flavoured milk, etc.
