Marico acquires 24.09% additional stake in Plix parent for Rs 1,012 Cr
FMCG major Marico has acquired an additional 24.09% stake in Satiya Nutraceuticals, the parent company of plant-based nutrition and personal care brand Plix.
Via Entrackr
The acquisition increases Marico’s stake in Satiya Nutraceuticals from 60% to 84.09% on a fully diluted basis. The transaction was completed on October 5.
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FMCG major Marico has acquired an additional 24.09% stake in Satiya Nutraceuticals, the parent company of plant-based nutrition and personal care brand Plix, for Rs 1,012.03 Cr.
The acquisition increases Marico’s stake in Satiya Nutraceuticals from 60% to 84.09% on a fully diluted basis. The transaction was completed on October 5.
Marico had acquired…
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