Godrej Agrovet Limited announced today that it will acquire the remaining 48.06 per cent equity stake in Creamline Dairy Products Limited (CDPL) for ₹930 crore, making CDPL its wholly-owned subsidiary. The company’s board approved the acquisition during a meeting held on March 11, 2025.
The shares of Godrej Agrovet Limited closed today at ₹739, down by ₹6.45 or 0.87 per cent on the NSE.
The transaction, expected to be completed by September 30, 2025, will consolidate Godrej Agrovet’s position in CDPL, which markets dairy products under the ‘Godrej Jersey’ brand. Currently, Godrej Agrovet holds a 51.94 per cent stake in the dairy company.
The board also approved the appointment of Y.V. Sathish as Head of Manufacturing & Supply Chain Excellence effective March 24, 2025. Sathish will replace Mr. Prafulla Bhat, who is taking early superannuation at the end of this month.
Sathish brings nearly three decades of experience from companies including GlaxoSmithKline and Hindustan Unilever Limited. He currently heads operations at Unilever’s Sumerpur factory, the largest in the South Asia cluster.
CDPL, incorporated in 1986, is a leading private dairy company in southern India with a turnover of ₹1,54,050.18 lakh for fiscal year 2023-24, showing steady growth from ₹1,47,157.99 lakh in 2022-23 and ₹1,15,350.25 lakh in 2021-22.
