Marico Issues 17,077 Equity Shares Under ESOP 2016, Minor Capital Increase

Marico Limited ( (IN:MARICO) ) has issued an update.

Marico Limited has allotted 17,077 equity shares of face value Re. 1 each under its 2016 Employee Stock Option Plan to eligible employees following the exercise of stock options. The issuance, which slightly increases the company’s paid-up share capital, is classified as not material, underscoring its routine nature as part of Marico’s ongoing share-based employee benefit practices.

Following this allotment, Marico’s paid-up equity share capital has risen from 1,29,81,18,654 shares to 1,29,81,35,731 shares, with the new shares ranking pari passu with existing equity. The move reflects continued use of equity-linked incentives to retain and reward employees without significantly diluting existing shareholders, and has been disclosed in line with SEBI regulations and stock exchange requirements.

More about Marico Limited

Marico Limited is a fast-moving consumer goods company based in Mumbai, focused on beauty and wellness products. Its portfolio spans hair care, skin care, edible oils, healthy foods and hygiene, with a strong presence in the Indian market and several international geographies.

Average Trading Volume: 88,255

Technical Sentiment Signal: Buy

Current Market Cap: 1033.8B INR

See more data about MARICO stock on TipRanks’ Stock Analysis page.