Hatsun Agro Product Limited — Important, 27-01-2025: General Updates

Hatsun Agro Product Limited has successfully completed the acquisition of 100% of the issued and paid-up share capital of Milk Mantra Dairy Private Limited. The company has acquired 30,16,512 equity shares and 16,06,372 compulsorily convertible preference shares for a total purchase consideration of ₹229.40 Crores. This acquisition represents 96.79% of the current issued and paid-up share capital of Milk Mantra, which is now a wholly-owned subsidiary of HAP. This strategic move is expected to enhance HAP's market presence and product offerings in the dairy sector, presenting a positive outlook for the company’s growth trajectory.