Ahmedabad-based Anil Group has firmed up plans to enter the food processing and hospitality business. On Monday, it announced the acquisition of a 90% stake in Vadodara-based Vigo Bio-Tech Dairy. The deal size is expected to be around Rs 22-25 crore. Besides investing close to Rs 100 crore to ramp up this newly acquired dairy business, the group will also invest an additional Rs 15 crore to open a chain of restaurants. Anil Group consists of the flagship Anil Products Limited, one of the oldest and largest corn wet millers in India. It also comprises of Anil Hospitality Ventures Limited and Anil Biochem Limited. […]