Dalmia Bharat Sugar and Industries Limited, on September 26, 2025, entered into a Share Subscription and Shareholders Agreement with Eagle Agrotech Holdings Limited (EAHL) and H.E. Mr. Mohamed Ali Rashed Alabbar, according to the exhange filings.
Under the agreement, Dalmia Bharat Sugar will acquire a 51% equity stake in EAHL through a cash consideration of up to US$ 1 million, which will be invested via a mix of shares and other instruments.
EAHL is a company incorporated in Abu Dhabi, UAE, on July 17, 2024, and is currently owned by the family office of H.E. Mr. Mohamed Ali Rashed Alabbar. It serves as the holding company of Eagle Agrotech Tanzania Limited (EATL), which is in the process of establishing a sugarcane plantation and sugar factory in Tanzania.
The indicative time period for the completion of the acquisition is six months. With this acquisition, Dalmia aims to expand its operations outside India.
Dalmia Bharat Sugar and Industries Limited has become one of the fastest-growing success stories in the Indian sugar industry. The company’s total cane crushing capacity is now 35,500 TCD, making it one of the leading sugar producers in the country. Dalmia is also a preferred sugar supplier to prominent institutional brands such as Coca-Cola, PepsiCo, Mondelez, Perfetti, Britannia, Wal-Mart India, Dabur, D-Mart, India Glycols, Allied Blenders & Distillers, United Breweries, Carlsberg, SABMiller, and many others in the alcohol segment.
