Acquisitions28 Jan 2025, 11:41 pm
Hatsun Agro Product Completes Acquisition of 97.98% Stake in Milk Mantra Dairy
AI Summary
Hatsun Agro Product Limited (HAP) has completed the acquisition of 56,421 equity shares of Rs. 10/- each of Milk Mantra Dairy Private Limited (Target Company) from the shareholders of the Target Company. This acquisition, combined with the earlier acquisition, represents 97.98% of the current issued and paid-up equity and preference share capital of the Target Company. The gross purchase consideration for this acquisition was Rs. 1.68 Crores.
Key Highlights
- Hatsun Agro Product Limited has completed the acquisition of 56,421 equity shares of Milk Mantra Dairy Private Limited
- The acquisition represents 97.98% of the current issued and paid-up equity and preference share capital of the Target Company
- The gross purchase consideration for this acquisition was Rs. 1.68 Crores
- Hatsun Agro Product Limited has cumulatively purchased 30,72,933 equity shares and 16,06,372 compulsorily convertible preference shares of the Target Company
- The purchase consideration for these acquisitions was Rs. 231.08 Crores