The Rs 8600 crore-plus Chennai-based Hatsun Agro Product Ltd has announced the merger of the nearly USD 300 crore Milk Mantra Dairy Private Ltd, a wholly owned subsidiary, with itself. Milk Mantra Dairy is engaged, in the business of manufacturing and selling dairy products such as pasteurised milk, cottage cheese, flavoured milkshakes, curd, etc. The merger is aimed at achieving economies of scale while improving efficiency across the value chain while accessing a wider vendor base, distribution network and improved cash flows. Well, small is beautiful — but big, it appears, is an advantage!
