Marico acquires majority stake in digital-first food brand ‘True Elements’
Marico Limited has announced the acquisition of a 54 percent equity share in HW Wellness Solutions Private Limited through main infusion and secondary buyouts. HW Wellness Solutions Private Limited, co-founded by PuruGupta and Sreejith Moolayil, owns “True Elements” (http://www.true-elements.com/), a clean label, digital-first brand in India’s rapidly increasing healthy breakfast and snack category. True Elements …
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