Spice Route Legal is pleased to have advised Lok Capital Growth Fund, Aavishkaar India II Company Limited (AICL), and Aavishkaar Venture Management Services Private Limited (AVMS) on the sale of their shareholding in HR Food Processing Pvt. Ltd., the company behind Osam Dairy, to Dodla Dairy Ltd, a leading publicly listed dairy company in India.

This transaction is part of Dodla Dairy’s strategic INR 271 Crore acquisition of a 100% stake in Osam Dairy, marking its formal entry into the high-potential eastern Indian markets of Bihar, Jharkhand, and West Bengal. The acquisition allows Dodla to tap into Osam’s strong rural sourcing network, established retail footprint, and loyal consumer base, accelerating its pan-India expansion.

Founded in 2012, Osam Dairy has built a robust and inclusive supply chain, sourcing milk directly from over 40,000 farmers across 1,000 villages and distributing to nearly 3 lakh customers through a network of 400+ distributors and 19,000+ retail counters.

The Spice Route Legal team advising the sellers comprised Praveen Raju, and Associates, Felina Das, Vinita Jagtiani, and Somya Sharma. 

For further information regarding the firm’s M&A practice, please reach to Praveen Raju.