Forever Global Enterprises is acquiring the Meerganj facility of Dhampur Bio Organics for INR 305 crore, according to Business Wire India reports carried by multiple outlets. The acquisition is described as marking Forever Global Enterprises’ entry into Uttar Pradesh’s sugar sector, with the Meerganj site located in Bareilly district. The announcements frame the deal as a move to expand the buyer’s presence in sugar-related operations in the state.
Both sources present the same headline figure and the same facility context, noting the purchase price of INR 305 crore and tying the transaction to the buyer’s broader sectoral expansion. No additional details are provided in the provided excerpts regarding regulatory approvals, closing timelines, or how existing operations at the facility will be managed after the transfer. The information shared focuses on the transaction value, the specific facility being acquired, and the geographic and sector implications for the buyer. The reports do not indicate any competing offers or differing terms.
