Oppenheimer Funds INC has sold 59.29 lakh shares of Marico through the open market route. The shares were sold on an average price of Rs 319.01 valuing the transaction to Rs 189.14 crore.
Marico is a leading manufacturer of coconut oil, hair oils, and premium refined edible oils in consumer packs. Marico has a market presence in the hair care, health care and male-grooming segments in India, Bangladesh, the Middle East, North Africa, South-East Asia, and South Africa.