At meeting held on 11 July 2025, the Board of Dodla Dairy at their meeting held today i.e. 11 July 2025 had approved 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 objective of acquisition is to enter new geographical markets, particularly in Eastern India. Since HR Food Processing operates in a similar line of business, this strategic move is expected to strengthen Dodla Dairy’s presence in Bihar, Jharkhand, West Bengal, and the broader Eastern Indian dairy market.
The purchase consideration includes an enterprise value of Rs 247.2 crore along with net cash of Rs 23.8 crore, totaling to Rs 271 crore. Post-acquisition, HR Food Processing 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.
The total purchase consideration for the acquisition of 100% of issued and paid-up share capital is Rs. 271 crore.
HR Food Processing incorporated under the provisions of the Companies Act, 1956 is a manufacturer involved in sale of milk and milk products. With its premium brand Osam’ and its milk has created a robust dairy ecosystem in Bihar and Jharkhand.
Source : Dairynews7x7 July 12th 2025