Home / Business and Economy / Marico Boosts Plix Stake to 84% for Wellness Push
Marico Boosts Plix Stake to 84% for Wellness Push
6 Oct
Summary
- Marico increased its stake in Satiya Nutraceuticals to 84.09%.
- The plant-based brand Plix is now valued at approximately Rs 4,200 crore.
- Marico acquired an additional 24.09% stake for Rs 1,012.03 crore.
Marico has expanded its influence in the burgeoning health and wellness sector by raising its ownership in Satiya Nutraceuticals, the company behind the plant-based brand Plix. The stake has grown to 84.09% on a fully diluted basis.
This strategic move comes after Marico acquired an additional 24.09% stake in Satiya Nutraceuticals for Rs 1,012.03 crore. The transaction values the plant-based nutrition and personal care brand Plix at approximately Rs 4,200 crore.
The increased investment reflects Marico's deepening commitment to capitalize on the rapid growth observed within the health and wellness market, signaling a focused expansion into this lucrative segment.
