Godrej Agrovet Ltd has announced the acquisition of the remaining 48.06% equity stake in Creamline Dairy Products Ltd (CDPL), taking full control of the company.The board approved the ₹930 crore deal, which will consolidate Godrej Agrovet’s position in the dairy segment. Following the transaction, CDPL will become a wholly owned subsidiary of the company.
Hyderabad-based Creamline Dairy, known for its Godrej Jersey brand, is a leading private dairy player in South India.
The company is engaged in milk procurement, processing, and manufacturing of dairy products. In FY24, CDPL reported a turnover of ₹15,405 crore, highlighting its strong presence in the market.Also read: IndusInd Bank faces heat: Derivatives misstep, CEO dilemma, and a 27% stock crash
Hyderabad-based Creamline Dairy, known for its Godrej Jersey brand, is a leading private dairy player in South India.
The company is engaged in milk procurement, processing, and manufacturing of dairy products. In FY24, CDPL reported a turnover of ₹15,405 crore, highlighting its strong presence in the market.Also read: IndusInd Bank faces heat: Derivatives misstep, CEO dilemma, and a 27% stock crash
The acquisition is expected to strengthen Godrej Agrovet’s footprint in the dairy sector, enhancing its value-added product portfolio. The company stated that the transaction is being executed on an arm’s length basis and is supported by an independent valuation report.
Shares of Godrej Agrovet closed at ₹739.80 on the BSE, down 0.79%, after recovering from an intraday low of ₹730.45.
