07
Nov
FMCG major Marico has officially entered into definitive agreements to acquire a 51 per cent controlling stake in Bonorizon Consumer Ventures Private Limited for an aggregate consideration of up to ₹35 crore in an all-cash deal, aligning directly with its broader corporate strategy to significantly strengthen its international business presence. According to an official exchange filing released by the company, Marico will acquire 51 per cent of Bonorizon’s total equity share capital and voting rights primarily through a direct primary subscription route, strictly subject to fulfilling the mutually agreed terms and conditions laid out within the definitive agreements. The filing…
