Marico board to allot Bonus Equity Shares

Consequent to the aforesaid allotment of Bonus Shares, the paid up and issued capital of the Company stands increased from 64,50,85,599 Equity Shares of Re. 1 each aggregating to Rs. 64,50,85,599 to 1,29,01,71,198 Equity Shares of Re. 1 each aggregating to Rs. 1,29,01,71,198.

Marico Ltd has announced that the Securities Issue Committee of the Board of Directors of the Company vide a resolution passed on December 26, 2015 has approved the issue and allotment of 64,50,85,599 Equity Shares of Re. 1 each as Bonus to the Members whose names appeared in the Register of Members/ List of Beneficial Owners as on the Record Date i.e. December 24, 2015.

Consequent to the aforesaid allotment of Bonus Shares, the paid up and issued capital of the Company stands increased from 64,50,85,599 Equity Shares of Re. 1 each aggregating to Rs. 64,50,85,599 to 1,29,01,71,198 Equity Shares of Re. 1 each aggregating to Rs. 1,29,01,71,198.

Marico Ltd is currently trading at Rs. 224, down by Rs. 2.1 or 0.93% from its previous closing of Rs. 226.1 on the BSE.

The scrip opened at Rs. 227.8 and has touched a high and low of Rs. 227.8 and Rs. 223.7 respectively. So far 772256(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 29170.77 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 234.2 on 21-Dec-2015 and a 52 week low of Rs. 157.88 on 12-Jan-2015. Last one week high and low of the scrip stood at Rs. 234.2 and Rs. 217 respectively.

The promoters holding in the company stood at 59.67 % while Institutions and Non-Institutions held 32.96 % and 7.37 % respectively.

The stock is currently trading below its 50 DMA.