Dodla Dairy acquires Eastern India's Osam Dairy for Rs 271 crore
Dodla Dairy
has acquired a 100 per cent stake in
Osam Dairy
for Rs 271 crore, the company said in a press release on Friday.
The deal brings together Dodla's scale and operational footprint with Osam's regional presence in Eastern India.
The acquisition is seen as a step toward Dodla's
pan-India expansion
strategy and underscores growing investor interest in Eastern India's dairy market. Promoters Abhinav Shah and Harsh Thakkar, along with private equity investors, have exited as part of the transaction.
'We see tremendous synergies with Osam, which, when combined with Dodla's strong operational experience, will enable us to take this to the next level,' said
Dodla Sunil Reddy
, Managing Director, Dodla Dairy.
InCred Capital
acted as the exclusive financial advisor to Osam Dairy and its shareholders.
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