Marico picks up 54% stake in D2C food brand True Elements - Economic Times

The all-cash deal includes primary infusion of capital and secondary buyouts of equity in the clean label, digital-first brand, the maker of Parachute and Saffola oil said, without disclosing the acquisition amount.

Mumbai: Ltd has picked up a 54% stake in HW Wellness Solutions, which owns healthy breakfast and snacks brand True Elements, marking its entry into one of the fastest growing segments in the country.… [+3278 chars]

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