Acquisitions26 Jan 2026, 01:59 pm
Marico Ltd to Acquire 93.27% Stake in Premium Gourmet Snacking Brand '4700BC'
AI Summary
Marico Ltd has entered into definitive agreements to acquire 93.27% of Zea Maize Private Limited, the company that owns the brand '4700BC' - one of India’s leading premium gourmet snacking brands. The acquisition is expected to be completed within 30 days, subject to customary closing conditions and terms of the definitive agreements. The acquisition will expand Marico’s total addressable market in value-added foods categories and make Zea Maize a subsidiary of the Company upon completion of the transaction.
Key Highlights
- Marico Ltd to acquire 93.27% of Zea Maize Private Limited, owner of the brand '4700BC'.
- The acquisition is expected to be completed within 30 days.
- The acquisition will expand Marico’s total addressable market in value-added foods categories.
- Zea Maize will become a subsidiary of Marico upon completion of the transaction.
- Founder of Zea Maize to retain stake and continue leading the business.