How it Works
Tech layoffs 2025: The biggest job cuts in Silicon Valley and beyond
Godrej Agrovet to acquire 48.06% stake in Creamline Dairy
With this acquisition, Godrej Agrovet aims to strengthen its presence in the dairy industry by consolidating its stake in CDPL.
The acquisition is expected to be completed on or before September 30, 2025.
Godrej Agrovet Limited (GAVL) has announced the acquisition of the remaining 48.06% equity stake in Creamline Dairy Products Limited (CDPL), making it a wholly owned subsidiary of the company. The board of directors has also approved the execution of a Share Purchase Agreement (SPA) with CDPL’s promoter group for purchasing 47.38% equity stake in the dairy company.
CDPL, headquartered in Hyderabad, Telangana, is engaged in milk procurement, processing, and manufacturing of dairy products. The company reported a turnover of Rs 1,54,050.18 lakh for the financial year ending March 31, 2024.
With this acquisition, Godrej Agrovet aims to strengthen its presence in the dairy industry by consolidating its stake in CDPL. The company is a promoter and already holds a significant interest in the dairy firm, which is categorized as a material subsidiary.
The transaction will be carried out on an arm’s length basis, following a valuation report obtained for the acquisition. As a related party transaction, it complies with regulatory norms but does not require additional government or regulatory approvals.
The acquisition is expected to be completed on or before September 30, 2025.
This strategic move underscores Godrej Agrovet’s commitment to expanding its dairy business, leveraging CDPL’s strong market presence in the dairy sector to drive future growth and profitability.
SPOTLIGHT
The leaders highlighted how AI is emerging as a critical enabler in this shift from marketing’s traditional focus on new customers to a more sustainable model of driving growth from existing accounts.
Read MoreExplained: What the Online Gaming Bill means for the industry, users and platforms
The Online Gaming Bill 2025 imposes severe penalties, allows warrantless search and seizure, and empowers a central authority to regulate the digital gaming ecosystem. It is expected to disrupt platforms, payment systems, and advertising in the sector. Here's all you need to know about the bill.