PVR INOX has completed the sale of its entire shareholding in its subsidiary, Zea Maize Private Limited (ZMPL), effective January 29, 2026. ZMPL, known for owning the brand “4700BC,” has been sold to Marico Limited. This transaction finalizes agreements for the transfer of equity shares and marks ZMPL’s exit as a PVR INOX subsidiary.
Divestment of Subsidiary Completed
PVR INOX Limited has finalized the sale of its complete stake in Zea Maize Private Limited (ZMPL) to Marico Limited on January 29, 2026. This follows the initial announcement made on January 26, 2026, confirming the company’s intent to divest from its subsidiary.
Details of Zea Maize Private Limited
Zea Maize Private Limited, known for owning the brand “4700BC”, was a subsidiary of PVR INOX. 93.27% of the paid-up equity share capital of ZMPL was under PVR INOX ownership prior to this transaction. The company has entered definitive agreements for the transfer of said equity shares to Marico Limited.
Impact of Divestment
With the completion of this transaction on January 29, 2026, Zea Maize Private Limited is no longer a subsidiary of PVR INOX Limited. All necessary actions to complete the sale have been successfully executed. The company has requested stakeholders to record this change.
Source: BSE
