Dodla Dairy (NSE:DODLA, BOM:543306) agreed to acquire a 100% stake in HR Food Processing for 2.71 billion Indian rupees, according to a Friday filing to the Indian stock exchanges.
HR Food is involved in the sale of milk and milk products, with its premium brand "Osam," and has a presence in Bihar and Jharkhand.
This acquisition will strengthen Dodla Dairy's presence in Bihar, Jharkhand, West Bengal, and the Eastern India dairy market.
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