Godrej Agrovet will acquire the remaining 48.06% equity stake in Creamline Dairy Products, from existing shareholders, for ₹930 crore
Consequently, CDPL will become a wholly owned subsidiary. The acquisition of the remaining stake is expected to be completed by September 30, Godrej Agrovet said in a filing after getting its board approval on Tuesday.
CDPL and Godrej Agrovet had in 2005 entered into a strategic partnership. In 2015, Godrej Agrovet acquired majority stake in CDPL, which has its registered office in Hyderabad and is one of the leading private dairy companies in southern India. Its products are sold under the ‘Godrej Jersey’ brand.
Published – March 11, 2025 09:50 pm IST
