Talks between Lactalis and Kwality Dairy’s creditors have gathered steam over the past few weeks and could result in the former making a formal proposal for Kwality Dairy in the next 8-10 days, according to sources.
NCLT passes order to liquidate dairy firm Kwality Dairies
Lactalis looking forward to acquisition of dairy business in North India
French dairy giant Lactalis is in talks to buy Kwality Dairy NSE -4.35 % (now Kwality) in a fire sale as the company’s creditors have failed to reach a timely agreement on its debt resolution, forcing the National Company Law Tribunal (NCLT) to send it to liquidation, according to multiple people aware of the matter.
Source : The Economic Times Sep 02 2021