Hatsun Agro Product Limited (HAP) has acquired a 99.84% stake in Milk Mantra Dairy Private Limited, strengthening its position in the Indian dairy sector. The acquisition, completed on March 3, 2025, includes equity and preference shares worth Rs 232.80 crore. HAP aims to leverage this acquisition to enhance its market presence and operational synergies.
Hatsun Agro Product Limited (HAP), one of India’s leading dairy companies, has completed the acquisition of a 99.84% stake in Milk Mantra Dairy Private Limited, a prominent dairy brand known for its innovative dairy products and ethical sourcing practices. The acquisition, finalized on March 3, 2025, marks a strategic move by HAP to strengthen its market dominance and diversify its dairy offerings.
As part of this deal, HAP acquired an additional 1,953 equity shares valued at Rs 10 each, bringing its total holding to 31,61,556 equity shares and 16,06,372 compulsorily convertible preference shares, both priced at Rs 10 per share. The total purchase consideration for the acquisition stands at Rs 232.80 crore.
This acquisition is expected to bring operational synergies and bolster HAP’s market expansion strategy. With a strong presence in the dairy industry, HAP continues to grow despite its stock price experiencing a decline over the past year. Currently, HAP’s stock price stands at Rs 935, with a market capitalization exceeding Rs 20,000 crore.
With this acquisition, HAP aims to enhance its product portfolio and optimize its supply chain, further solidifying its foothold in India’s growing dairy industry.
