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Hatsun Agro Product to acquire business of Jyothi Dairy in Andhra Pradesh

30 Oct 2013 Evaluate

Hatsun Agro Product has received an in-principle approval for the acquisition of the business of Jyothi Dairy in Andhra Pradesh and also further investment in it for amount not exceeding Rs 65 crore. The company’s board of directors at its meeting held on October 30, 2013 has approved for the same.

Hatsun Agro Products is the largest private sector dairy company in India and has a distinct advantage of dealing in cow's milk. The company procures around 1.65 million liters of liquid milk per day by directly collecting it from farmers spread over 4,500 villages in south India.

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