Marico allots 3695250 Shares under Marico's ESOP Scheme

Marico Ltd has announced that the Corporate Governance Committee of the Board of Directors of the Company have vide resolution passed through circulation on July 28, 2010 approved allotment of 36,95,250 equity shares of the Company of the face value of Re. 1 each under the existing Marico Employees Stock Options Scheme 2007.

Consequent to the above allotment, the paid-up share capital of the Company has increased from 60,93,84,300 equity shares of Re. 1/- each aggregating Rs. 60,93,84,300/- to 61,30,79,550 equity shares of Re. 1/- each aggregating Rs. 61,30,79,550/-.

The stock was trading at Rs.130, up by Rs.3.95 or 3.13%. The stock hit an intraday high of Rs.131.80 and low of Rs.126.75.

The total traded quantity was 0.70 lakhs compared to 2 week average of 0.45 lakhs.

Source : Equity Bulls

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