News

Dodla Dairy board approves acquisition of HR Food Processing for ₹271 croreDodla Dairy, in an exchange filing said, its board approved the acquisition of 100% of the issued and paid-up share capital of HR Food Processing Private Limited (OSAM) during its meeting on Friday. By Juviraj Anchil  July 11, 2025, 1:49:40 PM IST (Published)1 Min ReadDodla Dairy Ltd. on Friday, July 11, said its board of directors has approved the acquisition of HR Food Processing Pvt Limited for ₹271 crore.

The company, in an exchange filing said, its board approved the acquisition of 100% of the issued and paid-up share capital of HR Food Processing Private Limited (OSAM) during its meeting on Friday.

The proposed transaction is at an enterprise value of ₹247.2 crore plus net cash of ₹23.8 crore in the target company, it said. With this, it has entered share purchase agreements and other transaction documents/agreements with the existing promoters and shareholders of HR Food, it said. This is a fully cash transaction and is expected to be completed in one to two months from the date of signing the share purchase agreements and other documents.

Upon successful completion of the acquisition, HR Food will become a wholly-owned subsidiary of Dodla Dairy Ltd.

HR Food Processing Private Limited, incorporated under the provisions of the Companies Act, 1956. The company operates under the brand name Osam in Jharkhand and Bihar.

Dodla Dairy shares were trading flat at ₹1,414.4 apiece at 1.45 pm. The stock has gained 12.9% this year, so far.

Read Also: RPP Infra shares gain 5% on bagging orders worth ₹365 croreContinue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsDodlaDodla Dairyshare market today