Latest news with #OsamDairy
Time of India
3 days ago
- Business
- Time of India
Dodla Dairy acquires Eastern India's Osam Dairy for Rs 271 crore
New Delhi: 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.
Time of India
4 days ago
- Business
- Time of India
Eastern push: Dodla Dairy acquires 100% stake in Jharkhand-based Osam Dairy; Rs 271 crore deal signed
HYDERABAD: Dodla Dairy, a listed Hyderabad-based dairy player, has acquired 100% stake in Jharkhand-based Osam Dairy for a cash consideration of ₹271 crore. The transaction, which is based on an enterprise value of ₹247 crore and net cash of ₹23.8 crore, is expected to be completed in one or two months from the date of signing the share purchase agreement (SPA), Dodla Dairy said. Set up in 2012 and promoted by Abhinav Shah and Harsh Thakkar, Osam has over 1,000 collection centres, 19 chilling centres, and two operational plants as of March 31, 2025. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad It recorded revenues of ₹283 crore in 2024-25. Dodla Dairy managing director Dodla Sunil Reddy said the strategic move marks a key milestone in Dodla's journey to become a pan-India dairy player. 'Eastern India is a very exciting market for dairy industry with faster growth as compared to the national average. This market supports a large population. Milk consumption has immense headroom for growth driven by high urbanisation potential and strong GDP growth,' he said. 'The acquisition will enhance our milk procurement and processing capabilities as well as farmer network in eastern region. Their procurement network of 25,000 farmers is spread across Bihar, Jharkhand, and West Bengal with an average daily procurement of 1.1 lakh,' Dodla Sunil Reddy further said. The acquisition will enhance our milk procurement and processing capabilities as well as farmer network in eastern region, says Dodla Dairy MD Dodla Sunil Reddy
Time of India
4 days ago
- Business
- Time of India
Dodla Dairy acquires Jharkhand's Osam Dairy for Rs 271 crore
AI image HYDERABAD: Dodla Dairy, a listed Hyderabad-based dairy player, has acquired 100% stake in Jharkhand-based Osam Dairy for a cash consideration of Rs 271 crore. The transaction, which is based on an enterprise value of Rs 247 crore and net cash of Rs 23.8 crore, is expected to be completed in one or two months from the date of signing the share purchase agreement (SPA), Dodla Dairy said. Dodla Dairy managing director Dodla Sunil Reddy said the strategic move marks a milestone in the company's journey to become a pan-India dairy player. 'As a market, eastern India is a very exciting market for the dairy industry with faster growth as compared to the national average. This market supports a large population, and milk consumption has immense headroom for growth driven by high urbanisation potential and strong GDP growth,' he said. The deal will enable the Hyderabad-based dairy player to expand its footprint in the eastern market, achieve significant operational synergies and fuel its long-term growth plan, Dodla Dairy's CEO BVK Reddy said in a business update conference call, as per a BSE filing. Reddy said OSAM, which has a presence in Bihar and Jharkhand and other nearby regions, has a product basket including milk and value-added products like curd, lassi, paneer, sweets, ghee and other related products that aligns well with Dodla's product portfolio and will create a high synergy when it comes to strategic diversification. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo 'The acquisition will enhance our milk procurement and processing capabilities as well as farmer network in the eastern region. Their procurement network of over 25,000 farmers is spread across Bihar, Jharkhand, and West Bengal. In terms of infrastructure, they have more than 1,000 collection centres, 19 chilling centres, and two operational plants as of 31st March 2025. Their average daily milk procurement is 1.1 lakhs per day,' he said. While Dodla Dairy clocked revenues of Rs 3720 crore in financial year 2024-25, Osam Dairy, which is promoted by Abhinav Shah and Harsh Thakkar, recorded revenues of Rs 283 crore during the same period. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Entrepreneur
4 days ago
- Business
- Entrepreneur
Dodla Dairy Acquires Osam Dairy for INR 271 Cr in Strategic Expansion Move
InCred Capital acted as the exclusive financial advisor to Osam Dairy and its shareholders. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Dodla Dairy, a prominent South India-based dairy company, has announced the full acquisition of Osam Dairy for a consideration of INR 271 crore. The deal marks a significant development in the Indian dairy industry, particularly in the Eastern region, where large-scale acquisitions have been relatively rare. Osam Dairy, established in 2012, operates in Bihar, Jharkhand, and other Eastern Indian markets. The company runs a vertically integrated supply chain with two processing plants, more than 1,000 collection centers, and a procurement network involving over 25,000 dairy farmers. Processing around 1.1 lakh litres of milk daily, Osam has become a key regional player with a strong local presence. Dodla Dairy, founded in 1995, is one of leading integrated dairy companies. With procurement operations spread across five states and products available in 13, it boasts 190 milk chilling plants and over 2,900 agents. The company also operates 839 Dodla Retail Parlours as of March 2025 and has a growing international footprint in Uganda and Kenya. Dodla Sunil Reddy, Managing Director of Dodla Dairy, said, "We are thrilled to announce the proposed acquisition of Osam, marking a significant milestone in Dodla's journey. This strategic move underscores our commitment to becoming a Pan-India dairy company. Eastern India presents a highly promising market for dairy growth, and we see strong potential through this partnership." The acquisition signals not just expansion but a broader shift in industry dynamics. It underlines the rising interest of national players in regional markets and highlights the untapped growth potential in Eastern India. Abhinav Shah, Promoter and outgoing CEO of Osam Dairy, stated, "This acquisition marks the beginning of Osam's next chapter. Over the past decade, we've built a strong foundation, and joining hands with Dodla will accelerate the company's growth, leveraging their scale and operational excellence." InCred Capital acted as the exclusive financial advisor to Osam Dairy and its shareholders. Ashish Ambwani, Managing Director at InCred Capital, noted, "This transaction represents a landmark moment for Osam Dairy, which has carved a distinct niche in the competitive dairy sector of Eastern India. We're proud to have advised on this transformative deal." The acquisition reflects growing investor confidence in regional dairy ventures and signals an evolving ecosystem in the Indian dairy sector.
News18
4 days ago
- Business
- News18
Dodla Dairy acquires eastern Indias Osam Dairy for Rs 271 cr
Agency: Kolkata, Jul 18 (PTI) South India-based Dodla Dairy Ltd on Friday announced the 100 per cent acquisition of Osam Dairy, a premium sectoral brand in the eastern states, for a consideration of Rs 271 crore. This strategic transaction combines Osam's strong regional presence with Dodla's scale and operational expertise to drive growth in the eastern markets, a statement said. 'This acquisition marks a significant milestone in Dodla's journey towards becoming a pan-India dairy company. Eastern India offers faster growth potential than the national average with a large consumer base and increasing urbanisation," said Dodla Dairy managing director Sunil Reddy. Founded in 2012, Osam Dairy operates in Bihar, Jharkhand, and other eastern states with a fully integrated supply chain, sourcing milk from over 25,000 farmers through 1,000 collection centres and 19 chilling facilities. It processes around 1.1 lakh litres of milk daily across two plants. Outgoing Osam CEO and promoter Abhinav Shah said the deal will accelerate the company's next phase of growth by leveraging Dodla's scale and operational strength. 'This deal marks a landmark moment for Osam, which has carved a distinct position in eastern India's competitive dairy sector," said Ashish Ambwani, Managing Director, InCred Capital. PTI BSM BDC view comments First Published: July 18, 2025, 16:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
