Marico approves issue of 29,00,000 shares to QIBs at Rs.522

Marico Ltd has announced that the Securities Issue Committee of the Board of Directors of the Company has approved the issue of 29,00,000 new equity shares of Rs 10/- each at the Issue price of Rs 522/- per equity share aggregating to an Issue size of Rs 151,38,00,000/- to Qualified Institutional Buyers (QIBs) as aforesaid.

The Issue Price is above the floor price calculated in accordance with clause 13A.3 of the SEBI Guidelines. Citigroup Global Market India Pvt Ltd and Kotak Mahindra Capital Company Ltd acted as the Global Co-ordinators and Joint Book Runners for this Issue.

Source : Equity Bulls

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