Marico to buy 51% stake in Bonorizon Consumer Ventures for up to ₹35 crore
In short
Marico has agreed to buy 51% of Bonorizon Consumer Ventures for up to ₹35 crore.
The deal should close within 90 days, and Marico may buy the rest later if certain milestones and approvals are met.
What the reporting says
Marico has signed definitive agreements to acquire a 51% stake in Bonorizon Consumer Ventures for up to ₹35 crore through a primary subscription. The deal is expected to close within 90 days, and Marico will have the option to buy the remaining stake after three years, subject to milestones and approvals. The transaction expands Marico’s consumer portfolio through a controlling investment.
Why it matters
Marico has signed definitive agreements to acquire a 51% stake in Bonorizon Consumer Ventures for up to ₹35 crore via primary subscription. The transaction is expected to close within 90 days, with an option to acquire the remaining stake after three years if milestones and approvals are met. The move gives Marico a controlling interest in the venture and broadens its consumer business exposure.