India, Jan. 27 -- This acquisition is in line with Hatsun Agro's strategy to expand into Odisha and eastern India

Hatsun Agro Product Ltd has announced its acquisition of a 100 per cent stake in Milk Mantra Dairy Pvt Ltd. This strategic decision, approved by the board, enhances Hatsun Agro's presence in the eastern Indian dairy market.

According to NSE filling, the total purchase consideration for the acquisition is Rs233 crore. As of January 20, Milk Mantra Dairy's paid-up share capital stands at Rs4.77 crore, which consists of 31.69 lakh equity shares and 16.06 lakh compulsorily convertible preference shares. Hatsun Agro has entered into share purchase agreements with its existing promoters and shareholders, thereby making Milk Mantra...