Hatsun Agro Products has received its board’s approval to raise as much as Rs 500 crore through a qualified institutional placement (QIP), in one or more tranches. Further, the board has decided to seek the approval of Shareholders through Postal Ballot for the above purpose.

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.