As part of the transaction, the company has acquired 32.75% stake in Satiya Nutraceuticals on a fully diluted basis and requisite majority control over its board composition and total voting rights. Accordingly, it has become a subsidiary of the company and the acquisition of remaining stake of 25.25% on a fully diluted basis will be completed in tranches by May 2025, subject to terms and conditions of the definitive agreements.
Marico acquires plant-based brand Plix for wellness expansion
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Marico makes strategic investment in clean, plant-based nutrition brand Plix
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While Marico had already bought 32.75 percent in Satiya Nutraceuticals which owns and operates Plix, it said the acquisition of the remaining portion, or 25.25 percent, will be completed by May 2025.