Marico Increases Stake in Satiya Nutraceuticals to 84.09%

Marico Limited has acquired an additional 24.09% stake in its subsidiary, Satiya Nutraceuticals Private Limited, for ₹1,012.03 Crores. This acquisition increases Marico's total stake from 60% to 84.09% on a fully diluted basis. The company has rights to acquire a further 14.09% stake by July 2027, subject to agreed terms. Satiya Nutraceuticals, which owns the brand 'PLIX', operates in the health, wellness, and personal care sectors. This strategic move expands Marico's presence in value-added foods, nutrition, and personal care segments. The acquisition is on an arm's length basis and is not expected to require specific governmental or regulatory approvals.