Danone, Fonterra To Acquire Controlling Stake In Tirumala Milk
by Vivek Singh
Global Dairy Giants – French Danone and New Zealand’s Fonterra are interested to acquire controlling stake in South Indian Dairy Company – Tirumala Milk Products Private Limited as PE investor Carlyle is planning for stake sale, according to TOI.
Carlyle invested around R100 Cr for 20 % stake in Tirumala in 2010. Tirumala is expecting a EV of around R2,500 Cr or $450 Mn.