Tuesday, August 5, 2025

Godrej Agrovet to acquire 48.06% stake in Creamline Dairy for ₹930 crore

Date:

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

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.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

IDFC First Bank and Indigo introduce dual credit card with Mastercard and RuPay. Details here

IDFC फर्स्ट बैंक और इंडिगो ने इंडिगो IDFC फर्स्ट...

Two people killed after bus collides with train in Russia’s Leningrad region

The railways administration said it was a regular service...

RR Kabel Q1 Results | Net profit, EBITDA surge as wires & cables segment expands

Electrical wires and cable maker RR Ltd cable on...

Sundram Fasteners Q1 profit, revenue rise; margin narrows

Automotive segments supplier Sundram Fasteners Ltd on Thursday, July...