Forever Global Enterprises Acquires Dhampur Bio Organics’ Meerganj Facility for INR 305 Crores, Marking Entry Into Uttar Pradesh’s Sugar Sector
Forever Global Enterprises Limited has acquired the Meerganj sugar mill facility from Dhampur Bio Organics for INR 305 crores. The company plans to invest further to develop a distillery and bottling plant, aiming to create an integrated sugar-to-spirits platform.
Why it matters
This acquisition represents a significant consolidation in India's sugar industry and highlights a strategic shift toward value-added alcohol production in Uttar Pradesh.
Forever Global Enterprises Limited (FGEL) today announced the successful completion of its acquisition of the Meerganj unit of Dhampur Bio Organics Limited (NSE: DBOL) on a slump sale basis as a going concern, for a total consideration of INR 305 crores.
The article provides a factual report on a corporate acquisition without emotive language or political framing.
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