Future Consumer sells Nilgiri Dairy Farm to AVA Cholayil Healthcare for Rs 67 crore
Future Consumer Ltd has announced the sale of its dairy business, Nilgiri Dairy Farm, to AVA Cholayil Healthcare for Rs 67 crore. This move will help Future Consumer monetize its assets and address its debt issues. The sale includes the transfer of all operations related to the dairy business, including franchisee operations, retail trade operations, and the sourcing, processing, packaging, and marketing of dairy products, bakery products, FMCG, staples, and other products.
Source: indiatimes.com