Marico Limited has completed the acquisition of 93.27% of the paid-up share capital of Zea Maize Private Limited (”Zea Maize”) on January 29, 2026. Zea Maize, known for owning the brand “4700BC” from PVR INOX Limited, is now a subsidiary of Marico. The completion marks a strategic expansion for Marico in the snacking segment.
Acquisition Completion
Marico Limited announced that the acquisition of 93.27% of the paid-up share capital of Zea Maize Private Limited has been completed on January 29, 2026. This follows an earlier letter dated January 26, 2026, which indicated Marico’s intent to enter into definitive agreements for this acquisition.
Zea Maize as a Subsidiary
With the completion of the transaction, Zea Maize has officially become a subsidiary of Marico Limited. Zea Maize owns the brand “4700BC”, sourced from PVR INOX Limited. This acquisition is expected to enhance Marico’s position in the relevant market segment.
Source: BSE
