Marico Limited (MARICO) — Board Meeting
📢 Key Event
Allotment of 54,734 shares under ESOP 2016
🔄 What Changed
Paid-up capital increased from 1,29,83,20,665 to 1,29,83,75,399 shares
💡 Investor Takeaway
The share issuance is non-material and does not affect stock price expectations.
Marico announced the allotment of 54,734 equity shares under its Employee Stock Option Plan 2016, increasing paid-up capital from 1,29,83,20,665 to 1,29,83,75,399 shares. The shares were issued at a nominal Re.1 par value, with one tranche at Re.1 exercise price and another at Re.506.17 exercise price plus Rs.505.17 premium. The filing clarifies the allotment is not material to the company, and details are available on the investor portal.
About Marico Limited (MARICO)
Fast Moving Consumer Goods · Agricultural Food & other Products · Listed on NSE
Market Cap: ₹1,09,206.85 Cr
P/E: 67.8
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.