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
"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