The stock jumped 19.23 per cent to Rs 548 on the BSE.
Share on twitter
Share on facebook
Share on linkedin
Share on whatsapp
Share on email

Shares of Dodla Dairy on Monday surged 20 per cent after the company acquired Sri Krishna Milks Pvt Ltd for Rs 50 crore to expand its business.

The stock jumped 19.23 per cent to Rs 548 on the BSE. At the NSE, it zoomed 19.99 per cent to Rs 548.45.

Dodla Dairy Ltd on Saturday said it has acquired Karnataka-based Sri Krishna Milks Pvt Ltd for Rs 50 crore to expand its business.

In a regulatory filing, Dodla Dairy informed that the company has executed an agreement with Sri Krishna Milks for the acquisition of the business as a “going concern” and on a slump purchase basis for consideration of Rs 50 crore.

The deal is expected to be concluded in around two months from the date of the acquisition. The consideration would be in the form of cash.

At the midpoint of the year, the all-milk price forecast for 2022 is a whopping $26.20 per hundredweight (cwt), according to the June 2022 USDA/ERS Livestock, Dairy and Poultry Outlook report.

You may be interested in

Deja una respuesta

Tu dirección de correo electrónico no será publicada.

To comment or reply you must 

or

Related
notes

Cerrar
*
*
Cerrar
Registre una cuenta
Detalhes Da Conta
*
*
*
*
*
Fuerza de contraseña

SUBSCRIBE TO OUR NEWSLETTER