Target Entity

Bonorizon Consumer Ventures Private Limited ("Bonorizon") and its wholly owned subsidiary Bonorizon Consumer Ventures LLC.

Type of Deal

Strategic venture involving acquisition of majority stake (51%) through primary subscription, with option for full acquisition after 3 years.

Stake/Capacity

Acquisition of 51% of Bonorizon's equity share capital and voting rights. The Company has the right to acquire the remaining equity share capital and voting rights in Bonorizon after completion of 3 years from the date of signing definitive agreements.

Deal Value

Aggregate consideration of up to Rs. 35 Crores towards acquisition of 51% stake. Consideration for remaining stake to be determined at the time of acquisition, subject to achievement of certain milestones.

Funding Source

Cash consideration

Financial Impact

Not disclosed in the document.

Timeline

The transaction is expected to be completed within 90 days from the date of signing definitive agreements, subject to customary closing conditions. Option for remaining stake acquisition exercisable after 3 years.

Strategic Rationale

The venture is in alignment with Marico's global business strategy to accelerate digital growth engine in international markets and steadily evolve into a well-rounded Indian multinational FMCG enterprise. The acquisition aims to strengthen the Company's international growth strategy by leveraging capabilities and pursuing growth opportunities across global markets.

Approval Status

Definitive agreements have been entered into. Transaction subject to customary closing conditions. No governmental or regulatory approvals required.

Additional Details

  • Industry: FMCG and Consumer products
  • Bonorizon was incorporated under the Companies Act, 2013 on October 22, 2026
  • Headquarters: Mumbai, India
  • Turnover: Not Applicable (newly incorporated entity)
  • The acquisition does not fall within related party transaction
  • The Promoter/Promoter Group of Marico do not have any interest in the transaction

Reference Regulation

SEBI Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 (as amended)