Marico Expands Ownership : in plant-based brand PLIX

In a major strategic move to solidify its position in the rapidly growing health, wellness, and personal care segments, FMCG major Marico Limited has increased its stake in Satiya Nutraceuticals Private Limited (owner of plant-based brand PLIX) from 60% to 84.09% on a fully diluted basis. The transaction, announced on October 5, 2026, marks the execution of definitive agreements to acquire a total additional 38.18% stake in tranches from the target company’s founders and existing shareholders. Key Highlights of the Acquisition *Increased Stake: Marico completed the acquisition of a 24.09% stake on October 5, 2026, taking its aggregate holding to 84.09%. *Tranche Consideration : The current 24.09% acquisition was completed for a cash consideration of ₹1,012.03 Crores, taking Marico's total investment for its 84.09% stake to ₹1,392.07 Crores. * Path to Further Stake Acquisition: The remaining 14.09% stake held by the founders and select shareholders is scheduled for completion in July 2027. This final phase will comprise a base consideration of up to ₹592 Crores, along with milestone-linked performance considerations. * Regulatory Clearances: The transaction requires no governmental or regulatory approvals and was executed on an arm's length basis as a related party transaction. Financial Growth TrajectorySatiya Nutraceuticals has demonstrated steep multi-year growth in consolidated turnover: FY 2023–24: ₹155.32 Crores FY 2024–25: ₹432.84 Crores FY 2025–26: ₹864.31 Crores