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21 April, 2018 17:02 IST
Marico to acquire up to 22.5% stake in Revofit
Source: IRIS | 16 Apr, 2018, 10.14AM
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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)*

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