Godrej Agrovet shares surged 3% after the company signed a share purchase agreement to acquire a 47.38% equity stake in Creamline Dairy Products Ltd. from its promoter group. This acquisition follows the company’s March 12 announcement to purchase the remaining 48.06% stake for Rs 930 crore, making Creamline Dairy Products a wholly owned subsidiary of Godrej Agrovet.
Creamline Dairy, known for its “Godrej Jersey” brand, is one of South India’s leading private dairy companies. The acquisition aligns with Godrej Agrovet’s strategic vision to strengthen its foothold in the dairy sector. According to the company’s exchange filing, the move aims to consolidate its position and expand its dairy business operations.
With this acquisition, Godrej Agrovet can leverage synergies in supply chain management, product innovation, and market expansion. The company is expected to enhance its dairy portfolio and boost revenue growth in the long term.
Godrej Agrovet’s stock opened at ₹770 and surged to an intraday high of ₹802.70, maintaining its low at ₹770. The stock remains close to its 52-week high of ₹876.70, reflecting strong investor sentiment. With a 52-week low of ₹476.05, the stock has shown significant growth.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
