Key Points
BENGALURU, July 26 (Reuters) - Indian consumer goods company Marico (MRCO.NS) said on Wednesday it will acquire a 58% stake in Satiya Nutraceuticals, which owns a plant-based nutrition brand, for 3.69 billion rupees ($45 million)...
Marico, owner of the Parachute oil brand, has so far bought a 32.75% stake in Satiya Nutraceuticals and will complete the acquisition of the remaining stake in tranches by May 2025...
"This deal will expand Marico's total addressable market in the value-added foods and nutrition segments as well as presence in the rapidly growing Health & Wellness category," the company said in a statement...
You might be interested in
Marico to acquire 58% stake in Satiya Nutraceuticals for Rs 369 crore
26, Jul, 23Marico, owner of the Parachute oil brand, has so far bought a 32.75% stake in Satiya Nutraceuticals and will complete the acquisition of the remaining stake in tranches by May 2025