Marico has made a strategic investment and acquired stake in HW Wellness Solutions, a leading Digital first brand in the healthy breakfast and snack segment under the brand name ‘True Elements’. As part of the aforesaid transaction, the company has acquired 53.98% of the paid-up share capital of HW Wellness and it has accordingly become a subsidiary of the company.
True Elements is India's only food brand to be recognized as both 'Clean Label' & '100% Wholegrain'. It is anchored on providing ‘Food that DOES NOT LIE to you’ and promises 0% preservatives, 0% chemicals & 0% added sugar in its offerings.
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.
Company Name | CMP |
---|---|
Nestle | 2437.10 |
Britannia Inds | 4664.00 |
Varun Beverages | 1395.60 |
Marico | 506.30 |
Hatsun Agro Product | 1000.90 |
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