Marico Limited is trading higher by almost 3% at Rs 188, also its lifetime high, after the company said that the foreign investor - First State Investment Management - has acquired almost two million shares via an open market deal.
“First State Investment Management (UK) Limited, on its own behalf, First State Investments International Limited and First State Singapore, has acquired 1.89 million shares representing 0.29% stake of the company from open market on June 29,” fast moving consumer goods company said in a filing.
The total shareholding of the First State Investment Management (UK) after this acquisition has risen to 5.22% from 4.92% earlier, it added.
A combined 37,922 share have changed hands on the counter so far on the NSE and BSE.
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