Marico shares hit new high, jumps over 3% after FMCG firm announces to acquire 60% stake in Apcos Naturals' Just Herbs
The shares of Marico hit a new 52-week high on Thursday to Rs 549.5 after surging for over 3 per cent on the BSE intraday trade, as the FMCG (Fast Moving Consumer Goods) company announces acquisition of 60 per cent in Apcos Naturals, which owns a brand called ‘Just Herbs’.
This equity stake will be acquired over a period of two years, Marico said: PTI