
Sale29 Jan 2026, 06:01 pm
PVR INOX Completes Sale of Subsidiary Zea Maize to Marico Limited
AI Summary
PVR INOX Limited has announced the completion of the sale of its entire shareholding in its subsidiary, Zea Maize Private Limited, to Marico Limited. The subsidiary, which owns the brand '4700BC', was sold for 93.27% of its paid-up equity share capital. The transaction was approved in January 2026 and completed on January 29, 2026, resulting in Zea Maize Private Limited ceasing to be a subsidiary of PVR INOX Limited.
Key Highlights
- PVR INOX Limited sells entire shareholding in subsidiary Zea Maize Private Limited to Marico Limited
- Zea Maize Private Limited owns the brand '4700BC'
- Transaction approved in January 2026 and completed on January 29, 2026
- Zea Maize Private Limited ceases to be a subsidiary of PVR INOX Limited