TPG Growth set to acquire 25% stake in Dodla Dairy in Rs300 crore deal - News Summed Up

TPG Growth set to acquire 25% stake in Dodla Dairy in Rs300 crore deal


Dodla Dairy was founded in 1998 by first-generation entrepreneur Sunil Reddy of Nellore in Andhra Pradesh. Black River Capital Partners (Food) Fund had acquired the stake in Dodla Dairy for Rs110 crore in 2012. Emails sent to D. Sunil Reddy, the managing director of Dodla Dairy, had not elicited a response at the time of going to press. Dodla Dairy was founded in 1998 by first-generation entrepreneur Sunil Reddy of Nellore in Andhra Pradesh. In 2015-16, Dodla Dairy posted a revenue of Rs1,182 crore, an increase of 16% from Rs1,018 crore the previous year.


Source: Mint February 28, 2017 18:45 UTC



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