{"id":375397,"date":"2026-02-11T11:00:11","date_gmt":"2026-02-11T05:30:11","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=375397"},"modified":"2026-02-11T10:41:23","modified_gmt":"2026-02-11T05:11:23","slug":"pvr-inox-zea-maize-stake-sale-marico-4700bc","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2026\/02\/11\/pvr-inox-zea-maize-stake-sale-marico-4700bc\/","title":{"rendered":"Shardul Amarchand Mangaldas & Co. advises PVR INOX Limited on sale of its entire stake in Zea Maize Private Limited to Marico Limited"},"content":{"rendered":"
\n

New Delhi | February 10, 2026:<\/span> Shardul Amarchand Mangaldas & Co. (SAM) advised PVR INOX Limited (PVR INOX), Zea Maize Private Limited and its founder, Mr. Chirag Gupta, in connection with sale of the entire shareholding held by PVR INOX in Zea Maize Private Limited, the company behind the premium gourmet popcorn brand ‘4700BC’, to Marico Limited.<\/p>\n

The transaction provides for a complete exit for PVR INOX from Zea Maize Private Limited and represents a strategic monetisation of a non-core asset. The deal also marks Marico Limited’s expansion in the premium foods and snacking segment through acquisition of a well-recognised consumer brand.<\/p>\n

The transaction team was led by Nivedita Tiwari, Partner, along with Kuhuk Jain, Principal Associate; Tweisha Mishra, Senior Associate; Vaibhavi Shaunak, Senior Associate; and Satabdi Dash, Associate.<\/p>\n

Pooja Ramchandani, Partner; Suryansh Gupta, Principal Associate; Shalini Prem, Associate; and Aradhana Gorur, Associate advised on employment law aspects.<\/p>\n

Apoorva Murali, Partner and Anshika Chadha, Associate advised on intellectual property law aspects.<\/p>\n

Gouri Puri, Partner and Nimish Malpani, Principal Associate advised on tax law aspects.<\/p>\n

Marico Limited was advised by Khaitan & Co. and RMB Capital India Private Limited acted as financial advisors. Axis Capital acted as financial advisors to PVR INOX Limited, Zea Maize Private Limited and Mr. Chirag Gupta.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Shardul Amarchand Mangaldas & Co. advised PVR INOX Limited on the sale of its entire stake in Zea Maize Private Limited, owner of ‘4700BC’, to Marico Limited.<\/p>\n","protected":false},"author":67011,"featured_media":375400,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[98612,98614,98611,98613,98615],"class_list":["post-375397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news","tag-4700bc-brand-acquisition-marico","tag-marico-premium-snacking-acquisition","tag-pvr-inox-zea-maize-stake-sale","tag-shardul-amarchand-mangaldas-deal-advisory","tag-zea-maize-private-limited-transaction"],"yoast_head":"\nSAM Advises PVR INOX on Zea Maize Stake Sale to Marico<\/title>\n<meta name=\"description\" content=\"Shardul Amarchand Mangaldas advised PVR INOX on the sale of its entire stake in Zea Maize, owner of the 4700BC popcorn brand, to Marico Limited.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2026\/02\/11\/pvr-inox-zea-maize-stake-sale-marico-4700bc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shardul Amarchand Mangaldas & Co. advises PVR INOX Limited on sale of its entire stake in Zea Maize Private Limited to Marico Limited\" \/>\n<meta property=\"og:description\" content=\"Shardul Amarchand Mangaldas advised PVR INOX on the sale of its entire stake in Zea Maize, owner of the 4700BC popcorn brand, to Marico Limited.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2026\/02\/11\/pvr-inox-zea-maize-stake-sale-marico-4700bc\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-11T05:30:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/02\/PVR-INOX-Zea-Maize-Stake-Sale.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"886\" \/>\n\t<meta property=\"og:image:height\" content=\"590\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Shardul Amarchand Mangaldas & Co. advises PVR INOX Limited on sale of its entire stake in Zea Maize Private Limited to Marico Limited\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2026\\\/02\\\/11\\\/pvr-inox-zea-maize-stake-sale-marico-4700bc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2026\\\/02\\\/11\\\/pvr-inox-zea-maize-stake-sale-marico-4700bc\\\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/84e42bab48238baf12c7e33b3d9761fe\"},\"headline\":\"Shardul Amarchand Mangaldas & Co. advises PVR INOX Limited on sale of its entire stake in Zea Maize Private Limited to Marico Limited\",\"datePublished\":\"2026-02-11T05:30:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2026\\\/02\\\/11\\\/pvr-inox-zea-maize-stake-sale-marico-4700bc\\\/\"},\"wordCount\":230,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2026\\\/02\\\/11\\\/pvr-inox-zea-maize-stake-sale-marico-4700bc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2026\\\/02\\\/PVR-INOX-Zea-Maize-Stake-Sale.webp\",\"keywords\":[\"4700BC brand acquisition Marico\",\"Marico premium snacking acquisition\",\"PVR INOX Zea Maize stake sale\",\"Shardul Amarchand Mangaldas deal advisory\",\"Zea Maize Private Limited transaction\"],\"articleSection\":[\"Law Firms News\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2026\\\/02\\\/11\\\/pvr-inox-zea-maize-stake-sale-marico-4700bc\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2026\\\/02\\\/11\\\/pvr-inox-zea-maize-stake-sale-marico-4700bc\\\/\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2026\\\/02\\\/11\\\/pvr-inox-zea-maize-stake-sale-marico-4700bc\\\/\",\"name\":\"SAM Advises PVR INOX on Zea Maize Stake Sale to Marico\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2026\\\/02\\\/11\\\/pvr-inox-zea-maize-stake-sale-marico-4700bc\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2026\\\/02\\\/11\\\/pvr-inox-zea-maize-stake-sale-marico-4700bc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2026\\\/02\\\/PVR-INOX-Zea-Maize-Stake-Sale.webp\",\"datePublished\":\"2026-02-11T05:30:11+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/84e42bab48238baf12c7e33b3d9761fe\"},\"description\":\"Shardul Amarchand Mangaldas advised PVR INOX on the sale of its entire stake in Zea Maize, owner of the 4700BC popcorn brand, to Marico Limited.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2026\\\/02\\\/11\\\/pvr-inox-zea-maize-stake-sale-marico-4700bc\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2026\\\/02\\\/11\\\/pvr-inox-zea-maize-stake-sale-marico-4700bc\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2026\\\/02\\\/11\\\/pvr-inox-zea-maize-stake-sale-marico-4700bc\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2026\\\/02\\\/PVR-INOX-Zea-Maize-Stake-Sale.webp\",\"contentUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2026\\\/02\\\/PVR-INOX-Zea-Maize-Stake-Sale.webp\",\"width\":886,\"height\":590,\"caption\":\"PVR INOX Zea Maize Stake Sale\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2026\\\/02\\\/11\\\/pvr-inox-zea-maize-stake-sale-marico-4700bc\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Shardul Amarchand Mangaldas & Co. advises PVR INOX Limited on sale of its entire stake in Zea Maize Private Limited to Marico Limited\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/84e42bab48238baf12c7e33b3d9761fe\",\"name\":\"Editor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g\",\"caption\":\"Editor\"},\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/author\\\/editor_4\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"SAM Advises PVR INOX on Zea Maize Stake Sale to Marico","description":"Shardul Amarchand Mangaldas advised PVR INOX on the sale of its entire stake in Zea Maize, owner of the 4700BC popcorn brand, to Marico Limited.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2026\/02\/11\/pvr-inox-zea-maize-stake-sale-marico-4700bc\/","og_locale":"en_US","og_type":"article","og_title":"Shardul Amarchand Mangaldas & Co. advises PVR INOX Limited on sale of its entire stake in Zea Maize Private Limited to Marico Limited","og_description":"Shardul Amarchand Mangaldas advised PVR INOX on the sale of its entire stake in Zea Maize, owner of the 4700BC popcorn brand, to Marico Limited.","og_url":"https:\/\/www.scconline.com\/blog\/post\/2026\/02\/11\/pvr-inox-zea-maize-stake-sale-marico-4700bc\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2026-02-11T05:30:11+00:00","og_image":[{"width":886,"height":590,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/02\/PVR-INOX-Zea-Maize-Stake-Sale.jpg","type":"image\/jpeg"}],"author":"Editor","twitter_card":"summary_large_image","twitter_title":"Shardul Amarchand Mangaldas & Co. advises PVR INOX Limited on sale of its entire stake in Zea Maize Private Limited to Marico Limited","twitter_misc":{"Written by":"Editor","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.scconline.com\/blog\/post\/2026\/02\/11\/pvr-inox-zea-maize-stake-sale-marico-4700bc\/#article","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2026\/02\/11\/pvr-inox-zea-maize-stake-sale-marico-4700bc\/"},"author":{"name":"Editor","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe"},"headline":"Shardul Amarchand Mangaldas & Co. advises PVR INOX Limited on sale of its entire stake in Zea Maize Private Limited to Marico Limited","datePublished":"2026-02-11T05:30:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2026\/02\/11\/pvr-inox-zea-maize-stake-sale-marico-4700bc\/"},"wordCount":230,"commentCount":0,"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2026\/02\/11\/pvr-inox-zea-maize-stake-sale-marico-4700bc\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/02\/PVR-INOX-Zea-Maize-Stake-Sale.webp","keywords":["4700BC brand acquisition Marico","Marico premium snacking acquisition","PVR INOX Zea Maize stake sale","Shardul Amarchand Mangaldas deal advisory","Zea Maize Private Limited transaction"],"articleSection":["Law Firms News","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.scconline.com\/blog\/post\/2026\/02\/11\/pvr-inox-zea-maize-stake-sale-marico-4700bc\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2026\/02\/11\/pvr-inox-zea-maize-stake-sale-marico-4700bc\/","url":"https:\/\/www.scconline.com\/blog\/post\/2026\/02\/11\/pvr-inox-zea-maize-stake-sale-marico-4700bc\/","name":"SAM Advises PVR INOX on Zea Maize Stake Sale to Marico","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2026\/02\/11\/pvr-inox-zea-maize-stake-sale-marico-4700bc\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2026\/02\/11\/pvr-inox-zea-maize-stake-sale-marico-4700bc\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/02\/PVR-INOX-Zea-Maize-Stake-Sale.webp","datePublished":"2026-02-11T05:30:11+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe"},"description":"Shardul Amarchand Mangaldas advised PVR INOX on the sale of its entire stake in Zea Maize, owner of the 4700BC popcorn brand, to Marico Limited.","breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2026\/02\/11\/pvr-inox-zea-maize-stake-sale-marico-4700bc\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2026\/02\/11\/pvr-inox-zea-maize-stake-sale-marico-4700bc\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2026\/02\/11\/pvr-inox-zea-maize-stake-sale-marico-4700bc\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/02\/PVR-INOX-Zea-Maize-Stake-Sale.webp","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/02\/PVR-INOX-Zea-Maize-Stake-Sale.webp","width":886,"height":590,"caption":"PVR INOX Zea Maize Stake Sale"},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2026\/02\/11\/pvr-inox-zea-maize-stake-sale-marico-4700bc\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Shardul Amarchand Mangaldas & Co. advises PVR INOX Limited on sale of its entire stake in Zea Maize Private Limited to Marico Limited"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe","name":"Editor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g","caption":"Editor"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_4\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/02\/PVR-INOX-Zea-Maize-Stake-Sale.webp","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/375397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/67011"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=375397"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/375397\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/375400"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=375397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=375397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=375397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}