Marico has agreed to make a strategic investment in Revolutionary Fitness (Revofit) by acquiring/ agreeing to acquire equity shares up to 22.5% of the post-acquisition paid-up share capital of Revofit. Towards this end, the company has on April 13, 2018 entered into Shareholders’ Agreement and Share Subscription Agreement.
Marico is one of India’s leading Consumer Products Group, in the global beauty and wellness space. Its products are sold in India and about 25 other countries in Asia and Africa.
