Marico acquires 24.09% additional stake in Plix parent for Rs 1,012 Cr

T2Covered by 1 source · first reported by Entrackr at 05 Oct, 18:23 UTC

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…

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• T2Marico acquires 24.09% additional stake in Plix parent for Rs 1,012 CrEntrackr05 Oct, 18:23