Marico Completes Integration of Zed Business
Marico (NSE:MARICO, BOM:531642) has completed the integration of Zed's business into the company following the transfer of its entire business undertaking.The transfer took effect on June 29 as part of an intra-group restructuring, according to a same-day stock exchange filing. The process will conclude after the National Company Law Tribunal approves the dissolution of Zed.Marico shares rose nearly 2% in recent trade.