Marico Allots Equity Shares To Employees As Stock Option
With this allotment, the paid-up share capital of the Company has increased from 1,29,37,39,508 equity shares of Rs 1 each aggregating to Rs 1,29,37,39,508 to 1,29,38,33,608 equity shares of Rs 1 each aggregating to Rs.1,29,38,33,608.
![Marico Allots Equity Shares To Employees As Stock Option | Image: Wikipedia (Representative)](https://media.assettype.com/freepressjournal/2023-02/6991645f-09a6-46dc-80fc-4516abb2836e/Marico.jpg?width=1200)
Marico Allots Equity Shares To Employees As Stock Option | Image: Wikipedia (Representative)
Marico Limited that the Securities Issue Committee of the Board of Directors of the Company vide a resolution passed on December 14, 2023, has allotted 94,100 equity shares of face value of Re. 1 each of the Company under various Schemes of ESOP 2016, to the eligible grantees, pursuant to exercise of stock options, the company announced through an exchange filing.
The face value of the equity shares is Rs 1 each.
With this allotment, the paid-up share capital of the Company has increased from 1,29,37,39,508 equity shares of Rs 1 each aggregating to Rs 1,29,37,39,508 to 1,29,38,33,608 equity shares of Rs 1 each aggregating to Rs.1,29,38,33,608.
All equity shares of the Company allotted pursuant to exercise of stock options shall rank pari-passu with the existing equity shares of the Company
Marico Limited shares
The shares of Marico Limited on Monday at 11:23 am IST were trading at Rs 542.20, up by 0.44 percent.
RECENT STORIES
-
BHEL Official Honey-Trap Case: DGM’s Wife Had Left Him Due To His Lecherous Ways, Says SIT -
Madhya Pradesh: Rural Health Service In Shambles; Ledgaon Sub-Health Centre Fails To Serve Community... -
Bhopal Crime Updates: Theft At Retiered Air Force Officer's House, Ornaments Worth ₹1 Lakh Stolen;... -
Madhya Pradesh: Public Representatives And Officials Discuss Khargone's Development -
Mumbai: 3 Injured After Massive Fire Breaks Out At Residential Building In Kurla (Video)