Hatsun Agro Products has received shareholders’ approval for raising funds up to Rs 500 crore by issue of securities to Qualified Institutional Buyers (QIB) through Qualified Institutional Placement (QIP). The shareholders’ nod has been sought through postal ballot.
Hatsun Agro, India's largest private sector dairy, sells liquid milk under the brand name Arokya, ice creams under the brand Arun Icecreams, and a wide range of dairy products under the brand Hatsun.