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Marico edges higher on acquiring additional stake in Apcos Naturals
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Marico is currently trading at Rs. 500.00, up by 0.50 points or 0.10% from its previous closing of Rs. 499.50 on the BSE.
The scrip opened at Rs. 500.00 and has touched a high and low of Rs. 505.30 and Rs. 497.40 respectively. So far 94920 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 559.45 on 16-Nov-2021 and a 52 week low of Rs. 455.80 on 27-Jan-2022.
Last one week high and low of the scrip stood at Rs. 524.25 and Rs. 496.40 respectively. The current market cap of the company is Rs. 64938.79 crore.
The promoters holding in the company stood at 59.48%, while Institutions and Non-Institutions held 34.95% and 5.58% respectively.
Marico has acquired an additional stake of 3.48% of the equity capital of Apcos Naturals, thereby increasing its equity stake to 60%. The strategic investment in Apcos Naturals will lead to Marico participating in the premium, natural and ayurvedic beauty segment and capitalising on the growing direct to consumer sales channel.
Marico is one of India’s leading Consumer Products Group, in the global beauty and wellness space. Its products are sold in India and about 25 other countries in Asia and Africa.
