Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
26 April, 2018 20:45 IST
Marico to acquire up to 22.5% stake in Revofit
Source: IRIS | 16 Apr, 2018, 10.14AM
Comments  |  Post Comment

Marico has announced a strategic investment in Revolutionary Fitness by agreeing to acquire upto 22.5% equity stake, through primary and secondary infusions.

Saugata Gupta, MD and CEO, Marico, said, "I am delighted with the partnership with Revofit, a next generation digital wellness platform. This complements Marico's aspiration to participate in the nutraceuticals and wellness space. This win-win alliance offers a wider choice to consumers looking to incorporate wellness, fitness and nutrition into their daily lifestyle".

Shares of the company gained Rs 2.45, or 0.77%, to trade at Rs 318.80. The total volume of shares traded was 3,525 at the BSE (10.01 a.m., Monday).



Marico Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Thermax wins Rs 2.79 bn order for captive cogeneration plant - 26-Apr-2018 16:52
Yes Bank Q4 net jumps 29% to Rs 11.79 bn - 26-Apr-2018 15:25
Supreme Industries quarterly net up 32% - 26-Apr-2018 13:48
Infratel-Indus merger reflects India telco cash pressure: Fitch - 26-Apr-2018 13:44
Infratel-Indus merger reflects India telco cash pressure: Fitch - 26-Apr-2018 13:44
Indiabulls Real Estate quarterly profit zooms 23.69 times - 26-Apr-2018 12:49
Indoco gets UK health regulators nod to supply critical products - 26-Apr-2018 10:05
Zydus receives final approval from USFDA to market 2 drugs - 26-Apr-2018 09:36
Wipro Q4 earnings fall 6.7% q-o-q to Rs 18 bn - 25-Apr-2018 16:23
Sterlite Technologies quarterly profit surges 77% - 25-Apr-2018 15:42
Reliance Nippon Life Asset Management Q4 profit rises 35% to Rs 1.62 bn - 25-Apr-2018 15:34
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer