Marico Limited has provided an update on its acquisition of Satiya Nutraceuticals, owner of the brand “PLIX.” Marico previously acquired 60% stake. The company had the right to acquire the remaining 40% after 3 years. Marico has now extended the period to acquire the remaining stake by 12 months, subject to mutually agreed milestones and conditions. The initial acquisition was announced on July 26, 2023.
Update on Satiya Nutraceuticals Acquisition
Marico Limited has provided an update regarding its acquisition of Satiya Nutraceuticals Private Limited, the company owning the brand “PLIX”. This announcement follows previous disclosures on July 26, 2023, November 30, 2023, and May 31, 2025, concerning the stake acquisition.
Revised Acquisition Timeline
Marico Limited has amended its definitive agreement(s) to extend the timeline for acquiring the remaining 40% stake in Satiya Nutraceuticals. Originally, Marico held the right to acquire the remaining stake after 3 years from the execution date (i.e., during FY 27). Now the period has been extended by 12 months.
Terms and Conditions
The extension of the acquisition timeline is subject to certain terms and conditions, as well as mutually agreed milestones. This amendment follows mutual understanding between the parties and alignment with strategic priorities. Marico’s initial acquisition involved securing a 60% stake in Satiya Nutraceuticals on a fully diluted basis.
Source: BSE
