Marico allots 186437 shares under ESOP Scheme

The members of the Corporate Governance Committee of the Board of Directors of Marico Ltd have vide resolution passed through circulation on July 27, 2011 approved allotment of 1,86,437 equity shares of the Company of the face value of Re 1 each under the existing Marico Employees Stock Options Scheme 2007.

Consequence to the above allotment, the paid up share capital of the Company has increase from 61,46,16,450 equity shares of Re 1 each aggregating Rs 61,46,16,450 to 61,48,02,887 equity shares of Re 1 each aggregating Rs 61,48,02,887.

The stock was trading at Rs.160.80, up by Rs.4.35 or 2.78%. The stock hit an intraday high of Rs.162.40 and low of Rs.154.55.

The total traded quantity was 1.62 lakhs compared to 2 week average of 0.42 lakhs.

Source : Equity Bulls

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