Marico: Recent Developments FMCG products maker

announced the acquisition of the remaining 46.02% shares of HW Wellness Solutions, which owns the True Elements brand. This will be done for a consideration of "up to ₹138 crore" towards the acquisition of the balance of the 46.02% equity stake in HW Wellness, Marico said in a regulatory filing. The deal will make the Pune-based packaged foods company a fully owned subsidiary of Marico, which earlier invested in HW Wellness to acquire 53.98% in May 2022. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.