Future Lifestyle Fashions Ltd allots 15934065 shares at Rs. 91

The duly authorized Committee of Directors of Future Lifestyle Fashions Ltd, at its meeting held on November 17, 2014, has made allotment of 1,59,34,065 Equity Shares of face value of Rs. 2/- each at a premium of Rs. 89 per share to M/s. Ryka Commercial Ventures Pvt. Ltd. and 32,96,700 Compulsorily Convertible Debentures of face value of Rs.91/- each at par to M/s. Arlette Infrastructure Pvt. Ltd., on preferential basis.

Upon such allotment, the paid-up equity capital of the Company stands increased from Rs. 34,05,31,916/- (Rupees Thirty Four Crore Five Lacs Thirty One Thousand Nine Hundred and Sixteen) divided into 17,02,65,958 (Seventeen Crore Two Lacs Sixty Five Thousand Nine Hundred and Fifty Eight) Equity Shares of Rs.2/- (Rupees Two only) each to Rs.37,24,00,046/- (Rupees Thirty Seven Crore Twenty Four Lacs and Forty Six) divided into 18,62,00,023 (Eighteen Crore Sixty Two Lacs and Twenty Three) Equity Shares of Rs.2/- (Rupees Two only) each.

Shares of Future Lifestyle Fashions Ltd was last trading in BSE at Rs.90.65 as compared to the previous close of Rs. 92.35. The total number of shares traded during the day was 25409 in over 389 trades.

The stock hit an intraday high of Rs. 93.45 and intraday low of 90.5. The net turnover during the day was Rs. 2326635.

Source : Equity Bulls

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