Acquisitions11 Mar 2025, 09:16 pm
Godrej Agrovet Acquires 48.06% Stake in Creamline Dairy Products Limited for Rs. 930 Crore
AI Summary
Godrej Agrovet Ltd. has approved the acquisition of a 48.06% equity stake in Creamline Dairy Products Limited (CDPL) for a cash consideration of Rs. 930 Crore, making CDPL a wholly owned subsidiary of the Company. The acquisition is expected to be completed by September 30, 2025. CDPL is a leading private dairy company in southern India with a turnover of Rs. 1,54,050.18 Lakh in FY 2023-24. The acquisition will help Godrej Agrovet to consolidate its position in CDPL and improve profitability.
Key Highlights
- Acquisition of 48.06% equity stake in CDPL for Rs. 930 Crore
- CDPL to become a wholly owned subsidiary of Godrej Agrovet Ltd.
- CDPL is a leading private dairy company in southern India with a turnover of Rs. 1,54,050.18 Lakh in FY 2023-24
- Expected completion of the acquisition by September 30, 2025
- Acquisition aimed at consolidating Godrej Agrovet's position in CDPL and improving profitability