Marico extends timeline to acquire remaining 40% in PLIX parent Satiya Nutraceuticals
MARICO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.5 pts more than Nifty Midcap 150 and 1.6 pts more than its Edible Oil peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Marico already holds 60% in Satiya Nutraceuticals (owner of brand PLIX), acquired in stages since July 2023. The definitive agreement gave Marico the right to buy the remaining 40% at the end of 3 years (FY27). By mutual agreement, this timeline has now been extended by 12 months. The remaining stake will be bought in one or more tranches, subject to agreed milestones and conditions.
Neutral to mildly positive delay. Acquisition remains on track but pushed by a year, now linked to performance milestones.