Marico Limited — JV/Acquisition, 17-10-2025: Acquisition

Marico has completed its acquisition of the remaining 46.02% equity stake in HW Wellness Solutions Private Limited, popularly known as True Elements. This transaction makes True Elements a wholly-owned subsidiary, increasing Marico's total ownership to 100%. This strategic move ensures full control and deeper operational integration of True Elements' healthy foods portfolio. It's set to strengthen Marico's position in the evolving health and wellness segment, leveraging existing synergies and driving future growth. Investors should watch for further integration benefits.