Marico increases its stake in Satiya Nutraceuticals
India, Oct. 6 -- Marico has acquired additional 24.09% stake in Satiya Nutraceuticals, a subsidiary that owns the brand 'PLIX', thereby increasing its stake from 60% to 84.09% on a fully diluted basis.The strategic investment in Satiya Nutraceuticals has expanded Marico's total addressable market in the value-added foods and nutrition segments as well as presence in rapidly growing personal care and wellness categories.The current transaction is towards acquisition of the 38.18% stake held by Founders and certain other shareholders in Satiya Nutraceuticals, pursuant to the rights under the definitive agreement(s).Acquisition of the remaining 14.09% stake held by Founder and certain other shareholders will be completed in July 2027 subject t...
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