Hatsun Agro Product commits further investment in Milk Mantra Dairy

Investment Announcement by Hatsun Agro

Hatsun Agro Product (HAP), a leading dairy company, has officially completed the acquisition of an additional 2418 equity shares of Milk Mantra Dairy. This investment, which stands at Rs 10 lakh, marks a continued financial commitment to the Target Company, reinforcing HAP's dominant position in the industry.

Significant Equity and Preference Share Acquisition

To date, HAP has acquired a substantial 30,92,964 equity shares and 16,06,372 compulsorily convertible preference shares, collectively valued at Rs 231.54 crore. This significant investment underlines HAP's strategic approach in securing a pivotal role in Milk Mantra Dairy’s operations and growth trajectory.

Ownership Percentage

This recent acquisition alongside previous investments has resulted in HAP controlling 98.40% of the issued and paid-up share capital of Milk Mantra Dairy, signifying near-total ownership.