The Company has executed separate Term Sheet with SNA Milk And Milk Products Limited and DFSU Farmer Connect Private Limited to acquire majority stake in the said companies.
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SER Industries Limited has signed separate term sheets with two companies — SNA Milk and Milk Products Limited and DFSU Farmer Connect Private Limited — to acquire a majority stake in them. The company operates in the dairy and agri-connect space, indicating a likely diversification for SER Industries. The term sheets only record a preliminary understanding between the parties. The transactions are subject to satisfactory due diligence, negotiation and signing of definitive agreements, and receipt of statutory and regulatory approvals. Further details, as required under the SEBI disclosure circular dated 11 November 2024, will be shared after the share acquisition agreement is executed. No financial values, stake percentages, or timelines have been disclosed yet.
This is an early-stage, non-binding announcement — the deals are not yet final and remain subject to due diligence and approvals, so there is no immediate impact on shareholders. If completed, the acquisitions would expand SER Industries into the dairy and farmer-connect businesses, which could be a positive long-term strategic move, but investors should wait for concrete deal terms before drawing conclusions.