Mumbai, March 12 -- CDPL is one of the leading private dairy companies in southern India and its products are sold under the brand name 'Godrej Jersey'. Its turnover was Rs 1,540.50 crore in FY24.

The rational for the acquisition is to convert CDPL into a wholly owned subsidiary by acquiring remaining 48.06% equity stake from the existing equity shareholders of CDPL, in order to consolidate the company's position in CDPL.

Pre acquisition, the company held 58,81,508 shares (51.94%), whereas post acquisition, it will hold 1,13,24,700 equity shares (100%) in CDPL.

The said transaction is expected to be completed on or before 30 September 2025.

Meanwhile, the company's board approved the appointment of and remuneration payable to Y. V. Sa...