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More news about Godrej Agrovet
12Mar 25
Godrej Agrovet to Acquire Remaining 48.06% Stake in Creamline Dairy Products for ₹930 Crore
Godrej Agrovet Limited (GAVL) will acquire the remaining 48.06% equity stake in Creamline Dairy Products Limited (CDPL) for ₹930 crore, making it a wholly-owned subsidiary. The acquisition will be completed by September 30, 2025, increasing GAVL's shareholding from 51.94% to 100%. CDPL, operating under the 'Godrej Jersey' brand, has shown consistent growth with a turnover of ₹1,54,050.18 lakh in FY 2023-24. This move aims to strengthen GAVL's position in the southern Indian dairy market.