Dodla Dairy | Dodla Dairy gets nod to purchase Plant & Machinery up to Rs 55 crore

Dodla Dairy is one of the leading dairy firm in Southern India, has received approval from board of directors for purchase of Asset/business/Plant & Machinery up to Rs 55 crore.

The board has also approved funding for wholly owned subsidiary to provide loan/ Guarantee/investment in equity or any other funding as may be required to Orgafeed up to Rs 40 crore in aggregate on such terms and conditions as may be agreed between the Company and the subsidiary.

Further, the board has reviewed and approved funding for Stepdown subsidiary to provide loan/ Guarantee/investment in equity or any other funding as may be required to Dodla Dairy Kenya, up to Rs 40 crore in aggregate on such terms and conditions as may be agreed between the Company and the subsidiary.

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