Dodla Dairy to acquire Sri Krishna Milks for Rs 50 crore; stock surges 19%

he acquisition will be completed around two months from the date of agreement

Shares of Dodla Dairy surged 19 per cent to Rs 548 on the BSE in Monday's intra-day trade after the company announced acquisition of dairy products company Sri Krishna Milks Private Limited (SKMPL) for a cash consideration of Rs 50 crore.

"The company has executed a Business Transfer Agreement with Sri Krishna Milks Private Limited (SKMPL) for acquisition of Business as a 'going concern' and on a slump Purchase basis for consideration of Rs 50 crore," Dodla Dairy said in an exchange filing on Saturday, March 19, 2022. READ MORE

The object of acquisition is