Desi Farms Acquires Stakes in Milk and Dairy Businesses Through Share Swap

Desi Farms Acquires Stakes in Milk and Dairy Businesses Through Share Swap​

Desi Farms India Limited, which is involved in logistics and milk and milk products, has approved a significant strategic move into specialized food production with the acquisition of stakes in two companies: SNA Milk and Milk Products Limited and DFSU Farmer Connect Private Limited. The transaction involves the allotment of 3,656,494 5% Compulsorily Convertible Debentures (CCD) on a preferential basis to the shareholders of both target entities.

The acquisition targets are SNA Milk and Milk Products Limited and DFSU Farmer Connect Private Limited. Desi Farms is expanding its operations through this move, aiming for diversification, improved infrastructure utilization, and operational synergies within the stable consumption-driven dairy sector.

Transaction Details and Acquisition Scope​

The transaction was executed via a share swap, meaning consideration was provided in equity shares and Compulsorably Convertible Preference Shares rather than cash. This move enables Desi Farms to acquire substantial control over both businesses.

As of July 6, 2026, the company has acquired a majority stake in both entities:

• 73.66% stake in SNA Milk and Milk Products Limited (on a fully diluted basis).
• 62.67% stake in DFSU Farmer Connect Private Limited.

The acquisition was executed at an approximate cost of Rs. 49.36 Crores. Desi Farms has acquired 83,427 equity shares and Compulsorably Convertible Preference Shares representing the 73.66% interest in SNA, and 1,14,66,484 equity shares representing the 62.67% stake in DFSU. The company is currently proceeding toward full acquisition of both companies.

Profile of Acquired Entities​

The two acquired entities operate within related sectors and possess established operations across various markets.

SNA Milk and Milk Products Limited focuses on manufacturing, processing, and distribution of milk and milk-based products, including liquid milk, dairy derivatives, and ice cream. The company's operations encompass raw milk procurement, quality testing, processing, packaging, cold-chain storage, and supply chain distribution to retail and institutional customers. For the most recent financial year (2024-25), SNA recorded a turnover of ₹33,74,44,513.73/-.

DFSU Farmer Connect Private Limited is engaged in the manufacturing, processing, trading, marketing, and distribution of ice creams and healthy snacks. The company manages end-to-end activities including product development, sourcing, production, quality control, branding, and multi-channel distribution to domestic markets.


The acquisition is part of Desi Farms' planned strategic expansion to enter the specialized dairy manufacturing sector, leveraging operational synergies and improving its consolidated revenues while maintaining existing logistics operations.

Stock Price Movement​

Desi Farms India Ltd shares closed on Monday, settling at ₹640.95, posting a flat performance for the day. The stock traded between an intraday low of ₹608.95 and reached a high of ₹640.95 during the session.