Marico acquires stake in Zea Maize ahead of Q3 results
after close1 source ↓written by the desknot a recommendation
- of its paid-up
- 93.27%
- from PVR INOX
- ₹227 crore
- a subsidiary
- 30 days
- in FY25
- ₹98.66 crore
- in FY24
- ₹75.29 crore
Marico Ltd. announced a strategic investment in Zea Maize, acquiring 93.27% of its paid-up share capital for ₹227 crore from PVR INOX. This acquisition will make Zea Maize a subsidiary within 30 days. The premium snacking brand has shown strong revenue growth, reaching ₹98.66 crore in FY25, up from ₹75.29 crore in FY24.
Not investment advice. For informational purposes only.