Marico buys 58% stake in plant-based brand for $45 million
Indian FMCG major Marico is acquiring a 58% stake in a plant-based brand for $45 million, expanding its consumer portfolio into the healthy/plant-based food and beverage category.
Indian FMCG major Marico is acquiring a 58% stake in a plant-based brand for $45 million, expanding its consumer product portfolio into the healthy/plant-based food and beverage category.
Why this matters
Marico, built by Harsh Mariwala into a Rs 1 lakh crore FMCG empire on Parachute and Saffola, is now diversifying beyond its core categories into plant-based F&B via this majority stake.
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