Godrej Agrovet Restricted introduced at this time that it’s going to purchase the remaining 48.06 per cent fairness stake in Creamline Dairy Merchandise Restricted (CDPL) for ₹930 crore, making CDPL its wholly-owned subsidiary. The corporate’s board permitted the acquisition throughout a gathering held on March 11, 2025.
The shares of Godrej Agrovet Restricted closed at this time at ₹739, down by ₹6.45 or 0.87 per cent on the NSE.
The transaction, anticipated to be accomplished by September 30, 2025, will consolidate Godrej Agrovet’s place in CDPL, which markets dairy merchandise below the ‘Godrej Jersey’ model. Presently, Godrej Agrovet holds a 51.94 per cent stake within the dairy firm.
The board additionally permitted the appointment of Y.V. Sathish as Head of Manufacturing & Provide Chain Excellence efficient March 24, 2025. Sathish will substitute Mr. Prafulla Bhat, who’s taking early superannuation on the finish of this month.
Sathish brings almost three many years of expertise from firms together with GlaxoSmithKline and Hindustan Unilever Restricted. He at the moment heads operations at Unilever’s Sumerpur manufacturing facility, the most important within the South Asia cluster.
CDPL, included in 1986, is a number one non-public dairy firm in southern India with a turnover of ₹1,54,050.18 lakh for fiscal 12 months 2023-24, exhibiting regular development from ₹1,47,157.99 lakh in 2022-23 and ₹1,15,350.25 lakh in 2021-22.
