Marico acquires 60% stake in Cosmix for ₹225 crore
pre-market1 source ↓written by the desknot a recommendation
- in Cosmix Wellness
- 60% stake
- Wellness Limited
- ₹225 crore
- is set
- 40% stake
Marico Limited has acquired a 60% stake in Cosmix Wellness Limited for ₹225 crore. This strategic move aims to enhance Marico's presence in the wellness sector, focusing on plant protein products. The remaining 40% stake is set to be acquired over the next three years, indicating a long-term commitment to growth in this category.
The acquisition is expected to strengthen Marico's portfolio and expand its footprint in the wellness market, potentially boosting investor sentiment.
Not investment advice. For informational purposes only.