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Marico to Acquire 51% Stake in Bonorizon Consumer Ventures for ₹35 Crore
Sentiment: NeutralHigh Priority
What Happened?
Marico has signed agreements to acquire a 51% stake in Bonorizon Consumer Ventures for up to ₹35 crore, aiming to enhance its international business. The deal is expected to close within 90 days.
Key points
- Marico will acquire 51% of Bonorizon’s equity share capital and voting rights.
- The acquisition is an all-cash deal valued at up to ₹35 crore.
- Completion of the acquisition is expected within 90 days, subject to customary closing conditions.
- Marico retains the right to purchase the remaining equity after three years, contingent on certain milestones.
- The consideration for the additional stake will be determined later based on specific conditions.
Key insights
- The acquisition may lead to increased market share for Marico in the FMCG sector.
- Strengthening international operations could diversify Marico's revenue streams.
- The ability to acquire additional equity later may provide strategic flexibility.
Why it matters
This acquisition could enhance Marico's presence in the international market.
Tags
Entities
Marico· CompanyBonorizon Consumer Ventures· Company
Source
Business Standard
