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Time of India
2 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
3 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
The Print
3 days ago
- Business
- The Print
Dodla Dairy acquires eastern India's Osam Dairy for Rs 271 cr
'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. 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. 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. 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. InCred Capital acted as the financial advisor to Osam and its shareholders for this transaction. '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 This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
News18
3 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.
News18
3 days ago
- Business
- News18
Dodla Dairy acquires Osam Dairy for Rs 271 cr
Agency: PTI New Delhi, Jul 18 (PTI) South India-based Dodla Dairy on Friday announced the acquisition of eastern India's premium dairy brand Osam Dairy for Rs 271 crore, marking a significant expansion into the high-growth eastern market. The 100 per cent acquisition of Osam Dairy represents one of the first large-scale deals in eastern India's dairy sector and underscores the region's potential to attract institutional capital, the companies said in a joint statement. '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," Dodla Dairy Managing Director Dodla Sunil Reddy said. He said eastern India is an exciting market for the dairy industry with faster growth compared to the national average, supported by high urbanisation potential and strong GDP growth. The transaction marks an exit for Osam Dairy's promoters Abhinav Shah and Harsh Thakkar, along with private equity investors who had backed the company. '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," Shah, the outgoing Osam Dairy CEO, said. InCred Capital acted as the exclusive financial advisor to Osam Dairy and its shareholders on the acquisition, which was completed in just over four months. 'This transaction represents a landmark moment for Osam Dairy, which has carved a distinct niche in the competitive dairy sector of Eastern India," InCred Capital Managing Director Ashish Ambwani said. PTI LUX TRB TRB view comments First Published: July 18, 2025, 15:15 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.
