Marico acquires majority stake in Zea Maize for ₹227 crore
pre-market1 source ↓written by the desknot a recommendation
- of its paid-up
- 93.27%
- PVR INOX
- ₹227 crore
- be completed
- 30 days
- in FY25
- ₹98.66 crore
Marico Ltd. has announced a strategic investment in Zea Maize, acquiring 93.27% of its paid-up share capital from PVR INOX for ₹227 crore. This acquisition is expected to be completed within 30 days, making Zea Maize a subsidiary. The brand, known for premium snacks like 4700BC, has shown strong revenue growth, reaching ₹98.66 crore in FY25.
Not investment advice. For informational purposes only.