LegaLogic advises HW Wellness and its promoters on acquisition of remaining 46.02% stake by Marico Limited for INR 138 crores

We are pleased to announce that LegaLogic Consulting advised HW Wellness Solutions Private Limited (“HW Wellness“) and its promoters on the acquisition by Marico Limited of the remaining 46.02% equity stake in HW Wellness for INR 138 crores.

HW Wellness, operating under the brand name ‘True Elements’, is a Pune-based packaged foods company incorporated in 2013. The company manufactures and markets clean-label, healthy breakfast and snacking products, including muesli, oats, granola, and seeds.

In May 2022, Marico Limited had acquired a 53.98% stake in HW Wellness. With this subsequent acquisition of the remaining shares, HW Wellness will become a wholly owned subsidiary of Marico Limited.

Marico to acquire remaining 46% stake in True Elements – The Economic Times

Marico to Fully Acquire HW Wellness Solutions, Owner of True Elements – Indian Retailer

LegaLogic was the sole legal counsel for HW Wellness and its promoters and advised on negotiations and finalization of deal documentation.

Commenting on LegaLogic’s role, Mr. Sreejith Moolayil, Founder, HW Wellness Solutions said “Our journey with LegaLogic goes back to Marico’s first investment in HW Wellness, and they’ve been a true partner every step of the way. What stood out for us was not just their legal expertise, but the way they genuinely understood our business, our values, and the nuances of the transaction.

Through both the initial and now the final leg of this journey, the LegaLogic team has been hands-on, sharp in their advice, and unwavering in their support. Having them by our side gave us the confidence and clarity we needed to navigate a milestone deal like this.”

Prashant Krishnani and Tejaswini Singh worked on this matter along with Vikas Agarwal.