As per the terms of the definitive agreements, the Company has now acquired an additional stake of 3.48% of the equity capital of Apcos Naturals, thereby increasing its equity stake to 60%.
Furthermore, according to the regulatory filing, Apcos Naturals being a subsidiary of the Company, the acquisition of additional stake is a related party transaction.
As per the previously agreed pre-money enterprise valuation, Rs9.99 crore for acquisition of additional equity stake of 3.48 in Apcos Naturals is acquired, the company said.
At around 11:06 AM, Marico Ltd is currently trading at Rs503.65 per share up by Rs4.15 or 0.83% from its previous closing of Rs499.50 per share on the BSE.
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