Marico Allots 63,494 Equity Shares Under ESOP 2016

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has allotted 63,494 equity shares of Re. 1 each to eligible employees under its ESOP 2016 following the exercise of stock options. With this allotment, the company’s paid-up share capital has risen to ₹1,29,80,53,236, though Marico noted that the development is not considered material in nature.