
Subsidiary29 Jun 2026, 01:23 pm
Marico Completes Intra-Group Restructuring of Zed Lifestyle
AI Summary
Marico Limited has announced the completion of an intra-group restructuring involving the integration of its wholly-owned subsidiary, Zed Lifestyle Private Limited. The business undertaking of Zed has been distributed to Marico on a going concern basis, effective June 29, 2026, following its voluntary liquidation. The company will initiate steps to obtain approval from the National Company Law Tribunal (NCLT), Ahmedabad, for the dissolution of Zed. This move consolidates Zed's business operations directly into Marico.
Key Highlights
- Marico integrates Zed Lifestyle business via voluntary liquidation.
- Business undertaking of Zed consolidated with Marico effective June 29, 2026.
- NCLT approval sought for dissolution of Zed.
- Restructuring aims to streamline intra-group operations.
Price Impact
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