The FMCH major engaged in the business of dairy manufacturing, processing and marketing of ice creams, milk and milk products, Hatsun Agro Products Ltd (HAP), on Tuesday, 21 January, announced receiving approval to acquire a 100% stake in Milk Mantra Dairy Pvt Ltd.
In its regulatory filing, the company said that the Board of Directors has approved acquiring a 100% stake in Milk Mantra Dairy for a total consideration of Rs 233 crore in an all-cash transaction.
The acquisition aligns with HAP’s strategic goal of expanding into new geographical regions, providing access to markets in North Andhra Pradesh and potential areas like West Bengal and neighbouring states.
With over 50 years of expertise, Hatsun Agro Product Limited has cemented its position as the largest private player in the dairy sector. The company is also targeting exports to smaller nations, such as Brunei and Seychelles, to ensure smoother market entry. Its promoter holding remains strong and stable at 73.17%.
HAP’s portfolio features well-known brands like Arun Icecreams, Arokya, Hatsun, HAP Daily, IBACO, Havia Chocolate, Hanover Chocolates, and more.
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