InvestorQ : What is the purpose of Marico acquiring Just Herbs?
Moii Chavate made post

What is the purpose of Marico acquiring Just Herbs?

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Tisha Malhotra answered.
3 weeks ago
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Marico Ltd announced the acquisition of a 60% stake in Apcos Naturals, which is the owner of Ayurvedic beauty brand “Just Herbs”. The consideration paid for the deal was not disclosed by the company, except that the equity stake would be acquired over a 2 year period.

Marico will acquire 52.4% stake by Jul-21 and 7.6% by Mar-23. “Just Herbs" is an Ayurvedic line of skin and hair care offerings manufactured entirely out of organic and wildcrafted ingredients. This acquisition also syncs with Marico’s larger plan to build digital-only brands as part of its portfolio.

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