Marico has acquired the balance equity stake of 55% in Zed Lifestyle (Investee Company) from its existing shareholders on June 30, 2020. The investment makes the Investee Company a wholly owned subsidiary of Marico and gives Marico a complete control over the operations of the Investee Company.
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.