date:Nov 26, 2014
Indias Mahindra Agribusiness is set to acquire a dairy for up to INR500 crore in a move to enter the dairy segment.
The Economic Times reported that the company is expected to complete the acquisition in the current financial year.
In August this year, Mahindra announced its intentions to enter the dairy industry, with a special focus on the production of pouched milk.
Mahindra agri and allied business chief executive Ashok Sharma was quoted by ET as saying: With over 80% of the market under