Le Groupe Lactalis has bought out Hyderabad-based Tirumala Milk Products for $275 million.
January 8/Mumbai, New Delhi/Financial Times -- Le Groupe Lactalis has bought out Hyderabad-based Tirumala Milk Products for $275 million (Rs 1,750 crore), two people with knowledge of the development said.
The French dairy group has bought the 74% stake held by Tirumala Milk's founders and the rest 26% from private equity investor Carlyle Growth Capital Fund.