New Delhi, Jan. 26 -- PVR INOX Ltd has declared the sale of its complete ownership stake in Zea Maize Private Limited (ZMPL), which manages the well-known snack brand "4700BC," to the consumer goods giant Marico Limited. The board committee authorized the deal on January 26, 2026, with an overall value of Rs.226.8 crores.

The cinema chain operator is set to sell its 93.27% ownership in ZMPL to Marico Limited, and the definitive agreements have already been signed. Once the sale is finalized, ZMPL will no longer be a subsidiary of PVR INOX Ltd. The company has stated that ZMPL is neither a significant subsidiary nor is it publicly traded on any stock exchange.

(more to come)

Published by HT Digital Content Services with permission from ...