Marico has acquired the next tranche of 16.45% stake of Satiya Nutraceuticals on a fully diluted basis from existing investors. Further, the Company has acquired an additional stake of 2% from the Founders/Directors of Satiya Nutraceuticals on a fully diluted basis. Consequently, the Company’s stake in Satiya Nutraceuticals has increased by 18.45% from 32.75% to 51.20% on a fully diluted basis.
Earlier, the company had acquired 32.75% stake on a fully diluted basis and requisite majority control over the Board composition/total voting rights of Satiya Nutraceuticals, thereby making it a subsidiary of the Company.
Marico is one of India’s leading Consumer Products Group, in the global beauty and wellness space.
