Hatsun Agro Product Limited (HAP) has further expanded its stake in Milk Mantra Dairy Private Limited with the acquisition of an additional 2,500 equity shares of Rs 10 each.
The company completed this purchase on March 10, 2025, by paying a gross purchase consideration of Rs 0.08 crore as per the terms outlined in the Share Purchase Agreement (SPA).
To date, HAP has acquired a total of 31,64,056 equity shares and 16,06,372 compulsorily convertible preference shares of Rs 10 each, amounting to a cumulative purchase consideration of Rs 232.88 crores. With this latest acquisition, HAP now holds 99.89% of the issued and paid-up equity and preference share capital of Milk Mantra Dairy.