Heritage Foods Ltd has appointed SBI Capital Markets Ltd (SBICAP) as an investment banking service provider and financial adviser for setting up of a joint venture with a leading European company to collaborate on dairy products in India and overseas market.
The Hyderabad-based dairy major, promoted by the family members of Andhra Pradesh Chief Minister N Chandrababu Naidu, is embarking on a new growth phase and seeking to expand its operations.
As a part of this initiative, it is also exploring new avenues and considering setting up of a joint venture with a European major.
The company in a statement has informed BSE that the board of directors of the company at its meeting held on July 22 also approved the appointment of Savita Jyothi as scrutiniser for conducting e-voting for the annual general meeting.