Hatsun Agro Product Limited (HAP), India’s leading corporate dairy company, has successfully completed the acquisition of Milk Mantra Dairy Private Limited, marking a significant milestone in its expansion strategy. This acquisition, finalized on March 25, 2025, positions Milk Mantra as a wholly-owned subsidiary of HAP.
Acquisition Details:
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Total Shares Acquired: HAP has acquired the entire share capital of Milk Mantra, comprising 3,169,056 equity shares and 1,606,372 compulsorily convertible preference shares, each valued at ₹10.
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Purchase Consideration: The total purchase consideration for this acquisition amounts to ₹233 crore.
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Final Transaction: On March 25, 2025, HAP completed the acquisition of the remaining 5,000 equity shares by disbursing ₹0.16 crore to the respective shareholders, thereby securing 100% ownership.
Strategic Implications:
The integration of Milk Mantra into HAP’s portfolio is a strategic move to strengthen its presence in Eastern India. Milk Mantra, renowned for its innovative dairy brand “Milky Moo,” brings a strong commitment to quality and ethical milk sourcing. This acquisition aligns with HAP’s vision to scale its impact and innovation across broader markets, delivering fresh, high-quality dairy products to consumers.
This strategic acquisition underscores HAP’s commitment to expanding its footprint and enhancing its product offerings in the dairy industry, promising enriched value for consumers and stakeholders alike.
