Mumbai, July 11 -- HR Food Processing is engaged in manufacturing and sale of milk and milk products. With its premium brand 'Osam' and has established a strong dairy ecosystem in Bihar and Jharkhand. Its turnover was Rs 282.6 crore in FY25.

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 whol...