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Marico Increases Stake in Satiya Nutraceuticals (Plix) to 60% | Bullu
MARICO
Marico Increases Stake in Satiya Nutraceuticals (Plix) to 60%
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09:57 31 May 25
mergers & acquisitions
Marico Limited has completed the acquisition of the remaining 8.8% stake in Satiya Nutraceuticals Private Limited (Plix) from an existing investor.
This increases Marico's stake in Satiya Nutraceuticals from 51.20% to 60% on a fully diluted basis.
The initial acquisition agreement was announced on July 26, 2023, and November 30, 2023.
The total consideration for the 60% stake is ₹ 380.04 crores.
Satiya Nutraceuticals owns the brand 'The Plant Fix – Plix', a plant-based nutrition & personal care brand.
Satiya Nutraceuticals' turnover for the last three financial years:
FY 2024 – 25: ₹ 432.84 crores
FY 2023 – 24: ₹ 155.32 crores
FY 2022 – 23: ₹ 106.43 crores
The acquisition expands Marico’s presence in the value-added foods, nutrition, personal care and wellness categories.
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