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Marico acquires additional stake of 4.14% in Apcos Naturals
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Marico has acquired an additional stake of 4.14% of the equity capital of Apcos Naturals, thereby increasing its equity stake from 52.38% to 56.52%. The strategic investment in Apcos Naturals will lead to Marico participating in the premium, natural and ayurvedic beauty segment and capitalising on the growing direct to consumer sales channel.
Marico is one of India’s leading Consumer Products Group, in the global beauty and wellness space. Its products are sold in India and about 25 other countries in Asia and Africa.
