Dodla Dairy to acquire Sri Krishna Milks Pvt Ltd

Dodla Dairy Ltd has executed a Business Transfer Agreement ("Agreement") with Sri Krishna Milks Private Limited ("SKMPL") for acquisition of Business as a "going concern" and on a slump Purchase basis for consideration of Rs 50 crores on the terms and conditions more specifically defined in the Agreement.

Sri Krishna Milks Private Limited (SKMPL) incorporated on 23/03/1989 and SKMPL was emerged on the horizons of Indian Dairy Industry in 1989 being first Private Sector Dairy Company in the State of Karnataka.

SKMPL is mainly into procuring milk, manufacturing, and selling Dairy Products (Milk and Milk Products).

Shares of Dodla Dairy Limited was last trading in BSE at Rs. 459.60 as compared to the previous close of Rs. 455.65. The total number of shares traded during the day was 2005 in over 255 trades.

The stock hit an intraday high of Rs. 462.45 and intraday low of 453.60. The net turnover during the day was Rs. 919318.00.

Source : Equity Bulls

Keywords

DodlaDairy Acquisition SriKrishnaMilks Karnataka DairyIndustry