Marico rises on incorporating wholly-owned subsidiary in USA
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Marico is currently trading at Rs. 668.85, up by 2.90 points or 0.44% from its previous closing of Rs. 665.95 on the BSE.
The scrip opened at Rs. 662.20 and has touched a high and low of Rs. 672.45 and Rs. 655.00 respectively. So far 5636 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 719.80 on 03-Oct-2024 and a 52 week low of Rs. 486.75 on 19-Mar-2024.
Last one week high and low of the scrip stood at Rs. 692.90 and Rs. 655.00 respectively. The current market cap of the company is Rs. 86883.71 crore.
The promoters holding in the company stood at 59.28%, while Institutions and Non-Institutions held 35.81% and 4.90% respectively.
Marico has incorporated a wholly-owned subsidiary ‘Cocosecrets Consumer Care LLC’ in the State of Delaware, USA. The company has incorporated a wholly-owned subsidiary to carry on the business of FMCG and Consumer products and leverage business opportunities in USA and other international geographies. The incorporation was approved by the Secretary of State of Delaware, USA.
Marico is one of India’s leading Consumer Products Group, in the global beauty and wellness space.
