Mumbai, July 7 -- The acquisition will be executed for a consideration of $32 million (approximately Rs 3,050 million).

The acquisition includes the business along with all assets associated with it as a going concern. The transaction is expected to be completed on or before 1 August 2026, subject to the terms of the agreement.

The company said the acquisition will strengthen VBL's presence in Kenya and the broader East African region by leveraging DFIL Kenya's established manufacturing infrastructure and distribution network.

DFIL Kenya's manufacturing facility is located in Nakuru, Kenya, on a strategically positioned 52-acre land parcel with a built-up area of approximately 17,500 square metres along a national highway. The plant ma...