Virat Crane to acquire Durga Dairy Ltd

Virat Crane Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on November 13, 2006, inter alia, to consider the following:

1. To decide on acquisition of 5l% stake in leading Dairy Company namely Durga Dairy Ltd.

2. Durga Dairy Ltd is in Vijayawada, Andhra Pradesh., based leading Dairy products Company with about sales of Rs 11.80 Crores with its presence spread across Andhra Pradesh, Orissa, Maharashtra & West Bengal.

3. M/s. Firstcall India Equity Advisors (P) Ltd., Mumbai are acting as the advisors for the transactions.

Source : Equity Bulls

Keywords