Shares of Hatsun Agro Product Limited (HAP) were in focus after the company announced that its holding in Milk Mantra Dairy Private Limited has increased to 99.84% following an additional acquisition of shares.
On March 3, 2025, Hatsun Agro acquired 1,953 equity shares of Milk Mantra Dairy for a gross purchase consideration of Rs. 0.03 crore. With this latest transaction, Hatsun Agro has cumulatively acquired 31,61,556 equity shares and 16,06,372 compulsorily convertible preference shares of the company, bringing the total purchase consideration to Rs. 232.80 crore.
The company has steadily increased its stake through multiple transactions, and this acquisition cements its near-complete ownership of the target company.
Meanwhile, Hatsun Agro’s stock closed 7.76% lower at ₹897.00 on March 3.
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.
