Marico Plans Bonus Share Issue, Seeks Shareholders' Nod

New Delhi: Homegrown FMCG major Marico Ltd is planning issue of bonus shares for which it is seeking shareholders nod, besides reclassifying its authorised share capital to enable the move. The promoters and institutional investors hold around 93 per cent of the current paid up equity share capital of the company, thereby leaving a limited free float, Marico said in a BSE filing. "Thus in order to increase the overall liquidity to ...