MARICO LTD. - Announcement under Regulation 30 (LODR)-Acquisition
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| 14 Jul 2021 | |
| This is to inform you that Marico Limited has entered into Share Subscription Agreement and Shareholders agreement with Apcos Naturals Private Limited, the company that owns the brand 'Just Herbs'('Apcos Naturals') and a Share Purchase Agreement with its existing promoters and shareholders, to make a strategic investment in Apcos Naturals by acquiring / subscribing 60 % of the total paid-up share capital in the form of Equity Shares and Compulsorily Convertible Preference Shares (CCPS) of Apcos Naturals. <BR> <BR> The Company shall acquire 52.4% of the total paid-up share capital by July 31, 2021 and accordingly Apcos Naturals shall become a subsidiary of the Company. The Company will acquire the balance stake of 7.6% by March 31, 2023 as per the conditions set out in the Shareholders agreement signed between the parties. <BR> <BR> The details required under Regulation 30 of SEBI LODR Regulations read with the SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 & press release are enclosed. | |
| View all announcements for MARICO LTD. | Source: BSE India |
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