MUMBAI: Godrej Agrovet, India’s largest animal feed manufacturing company, has acquired a majority stake in Hyderabad-based Creamline Dairy, making its foray into the country’s Rs 4 lakh crore dairy business. The Godrej Group firm has bought a 25 per cent stake in Creamline at an enterprise value of about Rs 550 crore, taking its total holding in the dairy firm to 51 per cent. Godrej Agrovet (GAVL) had bought 26 per cent of Creamline in 2005. Balram Singh Yadav, managing director at .. Read more at: http://economictimes.indiatimes.com/articleshow/50275384.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesGodrej Agrovet acquires majority stake in Creamline Dairy for Rs 550 crore
Industry: FMCG 2015-12-29
