Dodla Dairy Acquires Osam Dairy for Rs 271 Cr

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.

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.