FMCG major Marico Ltd on Friday (November 6) said it has entered into definitive agreements with the founders of Bonorizon Consumer Ventures Private Ltd to acquire a 51% stake in the company for an aggregate consideration of up to ₹35 crore.
The acquisition will be made through a primary subscription to Bonorizon’s equity share capital and voting rights, subject to the terms and conditions of the definitive agreements.
The proposed venture aims to strengthen Marico’s international growth strategy by leveraging capabilities and pursuing growth opportunities across global markets.
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It is also aligned with the company’s strategy to accelerate its digital growth engine in international markets and evolve into a well-rounded Indian multinational fast-moving consumer goods (FMCG) enterprise.
The transaction is expected to be completed within 90 days from the date of signing the definitive agreements, subject to customary closing conditions. The consideration will be paid in cash.
Option to acquire remaining stake
Marico will also have the right to acquire the remaining equity share capital and voting rights in Bonorizon after the completion of three years from the date of signing the definitive agreements.
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The consideration for the additional acquisition will be determined at that time and will be subject to the achievement of certain milestones, requisite approvals and the terms and conditions of the definitive agreements.
Marico said the transaction does not fall under related-party transactions and that its promoter and promoter group do not have any interest in the deal. No governmental or regulatory approvals are required for the acquisition.
About Bonorizon Consumer Ventures
Bonorizon Consumer Ventures Private Ltd operates in the FMCG and consumer products industry. It was incorporated under the Companies Act, 2013, on October 22, 2026, and is headquartered in Mumbai.
The target entity also has a wholly owned subsidiary, Bonorizon Consumer Ventures LLC. Bonorizon was incorporated to carry on business in FMCG and consumer products. Its turnover is not applicable.
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Shares of Marico Ltd ended at ₹897.00, down by ₹8.00, or 0.90%, on the BSE.