BSEDesi Farms India LtdHighNeutral
Announced Thu, 9 Jul, 2026 · 21:07 IST

Acquires 96.91% in SNA Milk, 99.95% in DFSU via Rs 543 Cr share swap

Listed Co AcquisitionStrategic Transactions View source PDFExplain this filing
Price reaction

Awaiting price reaction for this filing.

AI summary

Desi Farms India has completed acquisition of 96.91% stake in SNA Milk and Milk Products and 99.95% in DFSU Farmer Connect via share swap worth about Rs 543.22 Crores. Board allotted 3.18 Cr equity shares, 34.55 lakh 3% CCPS and 49.60 lakh 5% CCDs to target shareholders. SNA makes milk, dairy products and ice cream with FY25 turnover of Rs 33.74 Crores, up from Rs 17.91 Crores in FY23. Transaction is a related party deal. All approvals received including BSE in-principal nod.

Likely market impact

Share swap expands Desi Farms into dairy and ice cream sector; 3.18 Cr new shares will dilute existing equity. No cash outflow.