Godrej Agrovet to Acquire Full Stake in Creamline Dairy for ₹930 Crore

Mar

In a strategic move to strengthen its position in the dairy sector, Godrej Agrovet Ltd has announced the acquisition of the remaining 48.06% equity stake in Creamline Dairy Products Limited (CDPL) for Rs 930 crore. Upon completion of the transaction, CDPL will become a wholly owned subsidiary of Godrej Agrovet.

Details of the Acquisition

The board of Godrej Agrovet has approved the execution of a Share Purchase Agreement with CDPL’s promoter group to acquire 47.38% of the equity stake. Prior to this transaction, Godrej Agrovet held a 51.94% stake in CDPL, equating to 58,81,508 equity shares. With this acquisition, the company’s total stake will rise to 100%, amounting to 11,324,700 equity shares. The deal is expected to be completed by September 30, 2025.

Strengthening Dairy Sector Presence

CDPL, a Hyderabad-based dairy firm operating under the ‘Godrej Jersey’ brand, is one of the leading private dairy players in South India. The company specializes in milk procurement, processing, and the manufacturing of value-added dairy products. In the financial year 2023-24, CDPL reported a turnover of Rs 15,405 crore, reflecting its strong market presence.

With this acquisition, Godrej Agrovet aims to enhance its dairy portfolio, leveraging Creamline Dairy’s extensive distribution network and product range to drive long-term growth. The acquisition is expected to consolidate Godrej Agrovet’s presence in the value-added dairy segment, positioning it as a key player in the industry.

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Financial and Market Impact

The transaction has been conducted on an arm’s length basis, supported by an independent valuation report. Ahead of the announcement, Godrej Agrovet’s stock closed at Rs 739.80 on the BSE, marking a 0.79% decline after recovering from an intraday low of Rs 730.45. On March 12, 2025, the company’s share price rose to Rs 752.40, up 2.21% from the previous close, reflecting investor optimism about the acquisition.

The Rs 930 crore deal underscores Godrej Agrovet’s commitment to expanding its footprint in India’s dairy industry and enhancing its product offerings. As the company integrates CDPL’s operations, it is expected to unlock new growth opportunities and strengthen its market presence in the dairy segment.

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