PVR INOX has approved the sale of its entire shareholding in its subsidiary, Zea Maize Private Limited (ZMPL), which owns the brand “4700BC”, to Marico Limited. The transaction, valued at ₹226.8 Cr., involves 93.27% of ZMPL’s paid-up equity share capital. Upon completion, ZMPL will no longer be a subsidiary of PVR INOX. The deal is expected to close within 30 days.
Strategic Divestment
PVR INOX has decided to sell its complete stake in its subsidiary, Zea Maize Private Limited (ZMPL), known for its brand “4700BC”, to Marico Limited. The agreement was finalized on January 26, 2026. This move aligns with PVR INOX’s strategic initiatives to streamline its business operations.
Deal Terms and Financials
The sale involves 93.27% of the paid-up equity share capital of ZMPL. The total consideration received from the sale is ₹226.8 Cr. For the last financial year, ZMPL contributed 1.71% to the company’s turnover (₹98.66 Cr) and 0.42% to its net worth (₹29.53 Cr).
Transaction Timeline and Impact
The divestment is anticipated to be completed within 30 days, contingent upon standard closing conditions. Following the completion of the sale, ZMPL will cease to be a subsidiary of PVR INOX. Marico Limited, the buyer, is a leading consumer goods company with operations in beauty and wellness categories across India, Asia, and Africa.
Source: BSE
