NSEAcquisition3d ago · 6 Nov 2026, 05:20 pm
Acquisition
Marico Limited · MARICO
✦ AI Summary▲ PositiveM&A
Marico Limited has entered into a strategic venture with the founders of Bonorizon Consumer Ventures Private Limited to strengthen its international growth strategy. The company will acquire 51% of Bonorizon's equity share capital and voting rights through primary subscription.
Analysis Scores
Earnings Impact6/10
Growth Catalyst8/10
Governance Concern2/10
Regulatory Risk4/10
Balance Sheet Risk5/10
Liquidity Impact8/10
Market Sentiment9/10
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Full Announcement
Please find attached an intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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marico_06112026171755_SEIntimation.pdf
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November 6, 2026
The Secretary, The Manager,
Listing Department, Listing Department,
BSE Limited, The National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers, 'Exchange Plaza', C-1 Block G,
Dalal Street, Bandra Kurla Complex, Bandra (East)
Mumbai – 400001 Mumbai – 400051
Scrip Code: 531642 Scrip Symbol: MARICO
Dear Sir/Madam,
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 (“SEBI Listing Regulations”)
This is to inform you that Marico Limited (“Marico” or “Company”) has entered into definitive agreements for a
strategic venture with the founders of Bonorizon Consumer Ventures Private Limited (“Bonorizon”) to strengthen the
Company’s international growth strategy by leveraging capabilities and pursuing growth opportunities across global
markets.
As part of the venture, the Company will acquire 51% of Bonorizon’s equity share capital and voting rights through primary
subscription, subject to the terms and conditions of the definitive agreements.
Disclosure under Regulation 30 of the SEBI Listing Regulations read with the SEBI Master Circular No.
SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 (as amended) is enclosed as Annexure.
This intimation is also being made available on the Company’s website at:
https://marico.com/india/investors/shareholder/stock-exchange
Kindly take the same on record.
Yours faithfully,
For Marico Limited
Vinay M A
Company Secretary & Head - Legal Operations
Encl.: As above
Annexure
Disclosure under sub-para (1) [i.e. Acquisition(s) (including agreement to acquire)] of Para (A) of Part (A) of Schedule
III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Sl. No. Particulars Description
1. Name and details of the target entity Bonorizon Consumer Ventures Private Limited (“Bonorizon”) and its
wholly owned subsidiary Bonorizon Consumer Ventures LLC.
2. Whether the acquisition would fall within The acquisition does not fall within related party transaction.
related party transaction(s) and whether the
promoter/ promoter group/group companies The Promoter/Promoter Group of the Company do not have any
have any interest in the entity being acquired interest in the transaction.
3. Industry to which the entity being acquired FMCG and Consumer products
belongs
4. Objects and impact of acquisition 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.
5. Brief details of any governmental or regulatory None
approvals required for the acquisition
6. Indicative time period for completion of the The transaction is expected to be completed within 90 days from the
transaction date of signing definitive agreements, subject to customary closing
conditions.
7. Nature of consideration (cash consideration or Cash
share swap and details of the same)
8. Cost of acquisition or the price at which the Aggregate consideration of up to Rs. 35 Crores towards acquisition
shares are acquired of 51% of Bonorizon’s equity share capital and voting rights.
9. Percentage of shareholding/control acquired Acquisition of 51% of Bonorizon’s equity share capital and voting
and/or number of shares acquired rights, subject to customary closing conditions.
Additionally, the Company has the right to acquire the remaining
equity share capital and voting rights in Bonorizon after completion
of 3 years of the date of signing definitive agreements at a
consideration to be determined at such time, subject to achievement
of certain milestones, requisite approvals and terms and conditions
under the definitive agreements.
10. Brief background about the entity acquired in Bonorizon Consumer Ventures Private Limited was incorporated
terms of products/line of business acquired, under the Companies Act, 2013 on October 22, 2026 to carry on inter-
date of incorporation, history of last 3 years alia business of FMCG and Consumer products and is headquartered
turnover, Country in which the acquired entity at Mumbai, India. Turnover: Not Applicable.
has presence.