Hatsun Agro Completes Major Stake Acquisition in Milk Mantra Dairy
Hatsun Agro Product Limited (HAP) has successfully finalized the acquisition of a substantial stake in Milk Mantra Dairy Private Limited.
As of March 3, 2025, HAP acquired an additional 1,953 equity shares, each valued at Rs 10, from the shareholders of Milk Mantra Dairy, bringing the gross purchase consideration to Rs 0.03 crores. With this latest acquisition, HAP now possesses 31,61,556 equity shares and 16,06,372 compulsorily convertible preference shares, both priced at Rs 10 each, totaling a cumulative purchase consideration of Rs 232.80 crore.
This acquisition represents a 99.84 percent stake in the issued and paid-up equity and preference share capital of Milk Mantra Dairy Private Limited. The move is a strategic expansion by HAP to consolidate its position in the dairy sector and enhance its product offerings. Integrating Milk Mantra Dairy is projected to provide synergies in operations and expand HAP’s footprint in the industry.
About the Company
Hatsun Agro Product Limited is a significant player in the Indian dairy industry, renowned for its broad range of dairy products. The current stock market price is Rs 935, with a market capitalization exceeding Rs 20,000 crores. Over the past year, the stock has seen a decline, with a return of negative 20.93 percent over one year and negative 17.31 percent over three years. The 52-week high and low for the stock are Rs 1,380 and Rs 892.1, respectively. Despite these figures, HAP remains focused on expanding operations and enhancing market presence through strategic acquisitions and partnerships.
