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Marico: Announcement under Regulation 30 (LODR)-Acquisition


We refer to our letter dated July 14 2021 informing that Marico Limited (Company) has entered into definitive agreements to make a strategic investment in Apcos Naturals Private Limited an entity that owns the brand Just Herbs (hereinafter referred to as Apcos Naturals). Pursuant to the same the Company had acquired 52.38% of the equity capital of Apcos Naturals thereby making it a subsidiary. As per the terms of the aforesaid definitive agreements the Company has now acquired an additional stake of 4.14% of the equity capital of Apcos Naturals thereby increasing its equity stake to 56.52%. In this regard disclosure under Regulation 30 of the SEBI Listing Regulations read with the SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9 2015 is enclosed. Kindly take the same on record.

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