Marico acquires 60% stake in Cosmix for ₹225 crore
after close1 source ↓written by the desknot a recommendation
- in Cosmix Wellness
- 60% stake
- Wellness Limited
- ₹225 crore
- will be acquired
- 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 plant protein and wellness sector. The remaining 40% stake will be acquired over the next three years, focusing on expanding into adjacent wellness categories.
Not investment advice. For informational purposes only.