Future Lifestyle Fashions Ltd allots shares at Rs. 80.50

The duly authorized Committee of Directors of Future Lifestyle Fashions Ltd, at its meeting held on June 13, 2014, has made allotment of 1,55,27,950 Equity Shares of Rs. 2/- each at a premium of Rs. 78.50 per share to PI Opportunities Fund-I, a SEBI registered Venture Capital Fund, on preferential basis.

Upon such allotment, the paid-up equity capital of the Company stands increased from Rs. 30,92,69,126/- [Rupees Thirty Crore Ninety Two Lacs Sixty Nine Thousand One Hundred and Twenty Six) divided into 15,46,34,563 [Fifteen Crore Forty Six Lacs Thirty Four Thousand Five Hundred and Sixty Three) Equity Shares of Rs. 2/- [Rupees Two only) each to Rs. 34,03,25,026/- [Rupees Thirty Four Crore Three Lacs Twenty Five Thousand and Twenty Six) divided into 17,01,62,513 [Seventeen Crore One Lac Sixty Two Thousand Five Hundred and Thirteen) Equity Shares of Rs. 2/- [Rupees Two only) each.

Shares of Future Lifestyle Fashions Ltd was last trading in BSE at Rs.94.35 as compared to the previous close of Rs. 94. The total number of shares traded during the day was 37038 in over 1306 trades.

The stock hit an intraday high of Rs. 96.7 and intraday low of 89.25. The net turnover during the day was Rs. 3412401.

Source : Equity Bulls

Keywords