Fame India allots 20290508 shares

The Board of Directors of Fame India Ltd at its meeting held on March 02, 2012 have allotted 2,02,90,508 Equity Shares of face value of Rs. 10 each, issued at a price of Rs. 44 per share (including a premium of Rs. 34 per Equity Share), ranking pari passu with the existing equity shares to the Equity Shareholders on the Company's Register of Members as on January 25, 2012, the Record date fixed for the purpose and who had applied for the Rights Issue or to their renouncees as applicable.

Consequent upon this allotment, the Company's Issued Share Capital has increased to Rs. 5,527.51 lacs from Rs. 3,498.46 lacs. The number of issued equity shares of the Company has increased to 5,52,74,143 from 3,49,83,635.

The Fame India Ltd stock was trading at Rs.45.90, up by Rs.2.15 or 4.91%. The stock hit an intraday high of Rs.45.90 and low of Rs.44.05.

The total traded quantity was 495 compared to 2 week average of 1527.

Source : Equity Bulls

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