Introduction:
Leading dairy company has acquired 100% of Milk Mantra Dairy Private Limited for ₹233 crore, expanding its footprint in Eastern India. The strategic acquisition will enhance its portfolio, targeting markets in Odisha, West Bengal, and Andhra Pradesh.
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Share price movement of Hatsun Agro Product:
On January 21, 2025, Hatsun Agro Product Ltd opened at ₹974.00, up 2% from its previous close of ₹955.00. The stock reached a high of ₹975.00 (2.1%) and a low of ₹948.85. By 11:01 AM, it traded at ₹952.35, down 0.28%, with a market cap of ₹21,213.43 crore.
Hatsun Agro Acquires 100% Stake in Milk Mantra Dairy:
Hatsun Agro Product Limited (HAP) has successfully acquired 100% of the share capital of Milk Mantra Dairy Private Limited for ₹233 crore, following approval from its board on January 20, 2025. This strategic move aligns with HAP’s growth plan to expand into new geographical markets, particularly Eastern India.
Milk Mantra, known for its innovative ‘Milky Moo’ brand, has a turnover of ₹276.42 crore for FY 2023-24. The acquisition will allow HAP to enhance its dairy portfolio and tap into markets in Odisha, West Bengal, and Andhra Pradesh, complementing its existing brands.
The acquisition does not involve any related party transactions, and HAP’s promoters have no interest in Milk Mantra Dairy. The deal is subject to customary conditions, with the target company expected to become a wholly-owned subsidiary of HAP upon successful completion.
Stock performance of Hatsun Agro Product for Period of 1 week, 6 months and 1 year:
Hatsun Agro Product Ltd. has seen a slight decline of 0.14% over the past week, with a notable drop of 22.2% over the last six months. Its one-year return also stands at a negative 13%, reflecting a challenging performance period.
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Shareholding pattern of Hatsun Agro Product:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 73.20% | 73.20% | 73.20% |
| FII | 3.40% | 3.30% | 2.80% |
| DII | 10.00% | 10% | 9.80% |
| Public | 13.50% | 13.40% | 14% |
About Hatsun Agro Product:
Hatsun Agro Product Limited (NSE: HATSUN) is a leading private-sector dairy company, specializing in milk, milk products, and ice creams. Founded by Mr. R G Chandramogan, its flagship brand, Arun Icecreams, dominates South India’s ice cream market.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
