Godrej Agrovet to Fully Acquire Creamline Dairy Products in Rs 930 Crore Deal

Agrovet Ltd. has announced a significant strategic move to fully acquire Creamline Dairy Products Ltd. (CDPL). The company will purchase the remaining 48.06% equity stake in CDPL for Rs 930 crore, transforming it into a wholly-owned subsidiary. This acquisition builds upon Godrej Agrovet's existing stake of 51.94% in CDPL, solidifying its position within the rapidly growing Indian dairy sector. The transaction is anticipated to be finalized by the end of the current financial year. The move is expected to significantly bolster Godrej Agrovet's dairy portfolio. CDPL is a well-established player in the Indian dairy market, recognized for its strong brand presence and extensive distribution network. This full acquisition will enable Godrej Agrovet to leverage CDPL's existing strengths and capitalize on the growing demand for dairy products across the country. Godrej Agrovet, a prominent player in the Indian agriculture and consumer goods industries, boasts a diversified portfolio spanning animal feed, crop protection, and now, a fully integrated dairy business. This acquisition underscores the company's commitment to expanding its presence in key sectors and driving sustainable growth.