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Marico sells entire equity investment in Bellezimo

The company has sold back its entire equity investment in Bellezimo amounting to Rs 1.6 crore to the Promoter of Bellezimo
Marico has sold back its entire equity investment in Bellezimo Professionale Products amounting to Rs 1.6 crore to the Promoter of Bellezimo.

Earlier in October 2015, the company had made investment in equity share capital of Bellezimo, a company marketing skin care products to cater to Salons channel, equivalent to 45% of the issued and paid-up share capital of Bellezimo.

Marico is one of India’s leading Consumer Products Group, in the global beauty and wellness space. Its products are sold in India and about 25 other countries in Asia and Africa.