Godrej Agrovet Limited has fully acquired Creamline Dairy Products Limited for ₹930 Crore, consolidating its position in the dairy sector.
Target Information
Godrej Agrovet Limited has successfully acquired the remaining 48.06% equity stake in Creamline Dairy Products Limited (CDPL), achieving full ownership of the company. The acquisition, valued at ₹930 Crore, has been approved by Godrej Agrovet's board and is set to strengthen its position within the dairy sector.
Located in Hyderabad, Creamline Dairy is recognized for its Godrej Jersey brand and is one of the leading private dairy brands in the southern region of India. The company engages in the procurement, processing, and manufacturing of milk and dairy products. In FY24, CDPL reported an impressive turnover of ₹15,405 Crore, demonstrating its significant market presence.
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Industry Overview
The dairy industry in India is one of the largest producers of milk globally, with a prominent contribution to the country's agricultural economy. This sector has
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Disclosed details
Transaction Size: $113M
Revenue: $1,861M
Net Income: $13M