• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Realasset Realasset
moneycontrol.com

Home » News » Business

Apr 08, 2012, 11.31 AM | Source: PTI

Marico to raise Rs 500cr by preferential issue of shares

FMCG major Marico today said its board has approved raising of up to Rs 500 crore through issue of shares to two foreign investors.

Like this story, share it with millions of investors on M3

Marico to raise Rs 500cr by preferential issue of shares

FMCG major Marico today said its board has approved raising of up to Rs 500 crore through issue of shares to two foreign investors.

Post Your Comments

Share Cancel

FMCG major Marico today said its board has approved raising of up to Rs 500 crore through issue of shares to two foreign investors.

The company's board, which met today, has approved to allot 2,94,11,764 equity shares of Re 1 each at an issue price of Rs 170 per share aggregating to an issue size of Rs 500 crore to Indivest Pte Ltd and Baring India Private Equity Fund III Listed Investments Ltd, Marico said in a filing to BSE.

Indivest would be alloted 22,058,823 shares at a proposed issue size of Rs 375 crore, while Baring India will be alloted 73,52,941 shares at proposed issue size of Rs 125 crore, it added.

While Indivest is an affiliate of Government of Singapore Investment Corporation Pte Ltd, Baring India Private Equity Fund III Listed Investments Ltd is a Mauritius-based firm.     

In another decision, the board has also decided to alter the authorised share capital of the company by cancelling 5 crore unissued preference shares of Rs 10 each of the company and creating 50 crore equity shares of Re 1 each, Marico said.

It was also decided to convene an extra-ordinary general meeting (EGM) on May 2, 2012 to seek shareholders nod for the same.

Marico stock price

On February 08, 2016, Marico closed at Rs 233.35, up Rs 5.75, or 2.53 percent. The 52-week high of the share was Rs 238.45 and the 52-week low was Rs 172.70.


The company's trailing 12-month (TTM) EPS was at Rs 5.37 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 43.45. The latest book value of the company is Rs 18.16 per share. At current value, the price-to-book value of the company is 12.85.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Marico to raise Rs 500cr by preferential issue of shares

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login