Marico has increased its stake in Satiya Nutraceuticals Private Ltd, which owns the ‘The Plant Fix – Plix’ brand, to 84.09% on a fully diluted basis after acquiring an additional 24.09% stake from its founders and certain other shareholders.
In an exchange filing, Marico said it had entered into definitive agreements to acquire a 38.18% stake in Satiya Nutraceuticals on a fully diluted basis, in tranches, from its founders and certain other shareholders, in line with the terms and conditions agreed under the definitive agreements.
