M&ABusiness Standard
Marico to acquire 51% stake in Bonorizon for 35 crore
Positive+132 sources
GreyOak summary
Marico has signed definitive agreements to acquire a 51% stake in Bonorizon Consumer Ventures for up to 35 crore rupees in cash. This move aims to strengthen Marico's international business operations. The deal is expected to close within 90 days, with an option to acquire the remaining equity after three years.
What it affects
- MaricoMARICOPositive +13
Acquiring 51% stake in BonorizonRolling sentiment Positive +67
Source
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