Marico allots 380200 Shares under ESOP Scheme

Marico Ltd has announced that the Members of the Corporate Governance Committee of the Board of Directors of the Company have vide resolution passed through circulation on August 10, 2010 approved allotment of 380,200 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 61,30,79,550 equity shares of Re. 1 each aggregating Rs. 61,30,79,550/- to 61,34,59,750 equity shares of Re. 1 each aggregating Rs. 61,34,59,750/-

The stock closed the day at Rs.118.85, down by Rs.0.45 or 0.38%. The stock hit an intraday high of Rs.121.50 and low of Rs.118.60.

The total traded quantity was 45436 compared to 2 week average of 235386.

Source : Equity Bulls

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