Godrej Agrovet Limited — Others, 11-03-2025: Appointment

Godrej Agrovet has announced a board meeting during which the acquisition of a 48.06% equity stake in Creamline Dairy Products Limited (CDPL) was approved, aiming to make CDPL a wholly owned subsidiary. The total cost for this acquisition is expected to be ₹930 crore. Additionally, Mr. Y.V. Sathish has been appointed as the Head of Manufacturing & Supply Chain Excellence, effective March 24, 2025, following the impending retirement of Mr. Prafulla Bhat.

This consolidation of CDPL aligns with the company's strategy to strengthen its footprint in the dairy sector, potentially enhancing operational efficiencies and market presence. The acquisition might instill a positive outlook among investors, reinforcing confidence in the company’s growth trajectory.