Future Lifestyle Fashions Ltd to consider preferential issue

A meeting of the Board of Directors of Future Lifestyle Fashions Ltd will be held on May 03, 2014, to discuss and approve the issue of equity shares / debentures / convertible securities / warrants convertible into equity shares of the Company to one or more persons on preferential basis as per applicable SEBI regulations.

The Board will fix the date, time and venue of the Extra Ordinary General Meeting (EGM) of the members of the Company for obtaining their approval for the preferential issue as may be approved under 1) above and approve notice for EGM for seeking approval of shareholders as per 2) above.

In terms of the Code of Conduct for Prevention of Insider Trading as framed by the Company under the Securities and Exchange Board of India (Prevention of Insider Trading) Regulations, 1992, the trading window for dealing in equity shares of the Company has been closed with effect from April 30, 2014 and will remain closed up to May 04, 2014 (both days inclusive).

Shares of Future Lifestyle Fashions Ltd was last trading in BSE at Rs.80.45 as compared to the previous close of Rs. 78.75. The total number of shares traded during the day was 86246 in over 2984 trades.

The stock hit an intraday high of Rs. 88.1 and intraday low of 78.4. The net turnover during the day was Rs. 7139834.

Source : Equity Bulls

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