Hatsun Agro Product Ltd (HAP), India’s leading corporate dairy company, recently announced its acquisition of Milk Mantra Dairy Private Limited. Known for its innovative dairy brand, Milky Moo, this strategic takeover underscores HAP’s commitment to delivering high-quality dairy products across India.
The share price of Hatsun Agro was trading 1.12% lower at ₹944.65 on the NSE as of 3:15 PM on January 28, 2025.
HAP’s acquisition of Milk Mantra marks its entry into the prosperous Eastern Indian dairy market, particularly Odisha. Mr. R.G. Chandramogan, Chairman of HAP, highlighted this move as a step towards leveraging Odisha’s growing economy and rich cow milk production belt.
Milk Mantra, founded by Mr. Srikumar Misra, is celebrated for its ethical milk sourcing and quality dairy products. Reflecting on the acquisition, Mr. Misra expressed confidence in HAP’s resources and leadership to scale Milky Moo’s impact, benefiting farmers and consumers alike.
HAP’s acquisition offers multiple advantages:
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Published on: Jan 28, 2025, 3:27 PM IST
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