Marico extends gain after huge block deals

Marico has moved higher by 2% to Rs 446, extending its past one-week 3% gain on the National Stock Exchange (NSE) after a huge a multiple block deals executed on the counter.

Till 01:04 pm, a combined 10.21 million shares representing 1.6% of total equity of Marico have changed hands on the BSE and NSE.

As of September 30, Baring India Private Equity Fund III Listed Investments Limited and Hasham Investment and Trading Company Private Limited held one percentage point’s stake in the personal products maker.

Arisaig Partners (Asia) Pte Ltd. A/c Arisaig India Fund and Life Insurance Corporation of India held 5.16% and 1.92% stake respectively.

Meanwhile, Marico has fixed record date as December 24, 2015 to ascertain the members entitled to receive bonus equity shares of the company in the ratio of 1:1 i.e. one bonus share for every one share held in the company.

The stock will turn ex-bonus on December 22, 2015, it added.

 


Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel