Marico Ltd approves allotment of 645085599 Bonus Equity Shares

The Securities Issue Committee of the Board of Directors of Marico Ltd 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.

Shares of MARICO LTD. was last trading in BSE at Rs.224.25 as compared to the previous close of Rs. 226.1. The total number of shares traded during the day was 143296 in over 1606 trades.

The stock hit an intraday high of Rs. 227.8 and intraday low of 223.5. The net turnover during the day was Rs. 32166901.

Source : Equity Bulls

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