Frontline Business Solutions Ltd approves preferential allotment

The Board of Directors of Frontline Business Solutions Ltd at its meeting held on November 06, 2014, has approved preferential allotment upto 50 lacs equity shares to non promoters/investors and upto 40 lacs convertible share warrants to promoters to infuse the funds for undertaking the proposed diversification of business.

Shares of FRONTLINE BUSINESS SOLUTIONS LTD. was last trading in BSE at Rs.17.85 as compared to the previous close of Rs. 18.2. The total number of shares traded during the day was 75666 in over 99 trades.

The stock hit an intraday high of Rs. 18.95 and intraday low of 17.2. The net turnover during the day was Rs. 1344713.

Source : Equity Bulls

Keywords