Keventer Planning For Acquisitions

Keventer Agro Ltd. is planning to make acquisitions. The company is planning to expand its dairy business in the North India through acquisition and has allocated about INR 2 billion for the same. Keventer's Chairman and Managing Director, Mayank Jalan said, "We are presently exploring about six acquisitions all in North India to expand our presence at national level and raise our milk processing

capacity to 4 million liters per annum." The official added that Keventer's interested to invest in specifically in states like Rajasthan, Uttar Pradesh and Delhi-NCR region. Mayank Jalan said, "Talks with all the parties are in initial to mid stage, but we are likely to lock the deals by July-August next year."