Dhampur Sugar Mills to Acquire 51% Stake in Venus India Asset-Finance for ₹50 Crore

New Delhi, October 28, 2025 – Dhampur Sugar Mills Ltd has approved the acquisition of a 51on of 51% stake in Venus India Asset-Finance Pvt Ltd for about ₹50 crore. With this move, Dhampur will enter the financial services sector for the first time, alongside its sugar and ethanol segments.

Incorporated in 1993, Dhampur Sugar Mills Ltd has its headquarters in Uttar Pradesh. Besides making sugar, the company also generates power and runs distilleries. Lately, the company has started moving into financial services. It’s a clear move to boost profits and branch out beyond their usual agribusiness roots.

Details on the Acquisition

The company is buying 51% of Venus India Asset-Finance Pvt Ltd, about 4.73 crore shares for ₹50 crore in cash. The company plans to close the deal by October 2026. For context, Venus reported a turnover of ₹42.19 crore and a profit after tax of ₹ 14.94 crore in FY25.

Strategic Purpose Of The Acquisition

Dhampur wants to mix things up and stop relying on its old revenue streams. By jumping into financial services—which usually bring in fatter margins and can really scale—the company’s betting on stronger, steadier growth down the line. They’re also hoping this new direction will benefit shareholders.

Market Snapshot

On October 28, 2025, the shares of Dhampur Sugar closed at ₹135.50, down ₹0.28, or 0.21%. The company has a market cap of ₹887.80 crore and a P/E ratio of 17.30. Over the last six months, the stock’s up 4.49%, but it’s actually down 18.32%.

REF: https://nsearchives.nseindia.com/corporate/DHAMPURSUG_28102025152622_Outcome_2025.pdf

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