Hatsun Agro Products has received an approval for raising funds by way of issue of securities to the existing equity shareholders of the company on a rights basis aggregating up to Rs 900 crore. The board of directors at its meeting held on December 6, 2017 has approved the same.
Hatsun Agro Products, 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.