New Delhi, January 28, 2025: Hatsun Agro Product has further completed the acquisition of 56,421 equity shares of Rs. 10/~ each of Milk Mantra Dairy ( the target company) from the shareholders of the target company by discharging the Gross Purchase Consideration of Rs. 1.68 crore to all the concerned shareholders of the target company, in the manner as specified in the SPA.
Till Date Hatsun Agro Product has purchased 30,72,933 equity shares of Rs. 10/- each and 16,06,372 compulsorily convertible preference shares of Rs. 10/- each of the target company by discharging the purchase consideration of Rs. 231.08 crore cumulatively. This acquisition together with the earlier acquisition represents 97.98% of the current issued and paid-up equity and preference share capital of the target company according to the reports published in business-standard.com.
