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Marico Share Price Dips as LIC Trims Over 2% Stake in FMCG company; Details here

Marico Share Price Declined 1.5 per cent in intraday trade on the bse on Friday, June 13, after it said life insuction corporation of India (LIC) Trimmed Its Stake in the Company by 2 PER CENT ThRING MARKET Sale. Marico Share Price Opened at 689.55 Against Its Previous Close of 692.05 and dropped 1.5 per cent to an intraday low of 681.70.

Lic trims stake in Marico

Through an exchange filing on June 13, Marico said LIC Offloaded 2,57,73,028 shares, equivalent to 2.006 per cent of the company’s stake, through market sala. The date of Sale of the company’s shares, as per the exchange filing, is Between June 5, 2021, and June 11, 2025.

After the share sale, lic’s stake in Marico has come down to 3,88,76,829 shares, Equivalent to 3 per cent stake.

Marico shareholding pattern

Other than LIC, Several Prominent Domestic and Foreign Institutional Investors Held a stake in the company.

According to the March Quarter ShareHolding Pattern Data on the BSE, Quant Mutual Fund Held 1,46,13,871 shares (1.13 per cent stake), While HDFC Mutual Fund Held 2,35,321 Shares Cent stake) in Marico.

Among the Foreign Portfolio Investors (FPIS), Government Pension Fund Global Held 1,35,00,019 shares (1.04 per cent stake) (1.04 per cent stake) in the company by the end of Q4FY25.

Marico Share Price Trend

Marico Share Price Has Seen A Decent Gain of Nearly 7 per cent this year so far, while over the last year, the fmcg stock has jumped Nearly 13 per cent, Hitting a 52 -Week HIGH of 740 on may 8 this year after hitting a 52-wheek low of 577.90 on March 4.

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Disclaimer: This story is for educational purposes only. The views and recommendations about individual analysts or broking companies, not mint. We Advise Investors to Check With Certified Experts Before Making Any Investment Decisions, As Market Conditions Can Change Rapidly, and Circumstances May Vary.

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