Future Retail Ltd allots 13498300 Class B shares

The Committee of Directors of Future Retail Ltd at their Meeting held on July 06, 2015, have made allotment of 1,34,98,300 Class B (Series 1) shares of Rs. 2/- each at a premium of Rs. 66.69 per share aggregating Rs. 92,71,98,227/- to Future Corporate Resources Limited (FCRL) being a company within the Promoter Group, on exercise of option on balance Class B Warrants allotted to them, on receipt of balance amount payable on such number of warrants.

Consequently, the paid-up capital of the Company has increased from Rs. 82,83,95,404/- (Rupees Eighty Two Crore Eighty Three Lakh Ninety Five Thousand Four Hundred Four) comprising of 38,83,21,323 (Thirty Eight Crore Eighty Three Lakh Twenty One Thousand Three Hundred Twenty Three) Equity shares of Rs. 2/- (Rupees Two only) each and 2,58,76,379 (Two Crore Fifty Eight Lakh Seventy Six Thousand Three Hundred Seventy Nine) Class B (Series 1) Shares of Rs.2/- (Rupees Two only) each to Rs.85,53,92,004/- (Rupees Eighty Five Crore Fifty Three Lakh Ninety Two Thousand Four) comprising of 38,83,21,323 (Thirty Eight Crore Eighty Three Lakh Twenty One Thousand Three Hundred Twenty Three) Equity shares of Rs.2/- (Rupees Two only) each and 3,93,74,679 (Three Crore Ninety Three Lakh Seventy Four Thousand Six Hundred Seventy Nine) Class B (Series 1) Shares of Rs. 2/- (Rupees Two only) each.

Shares of FUTURE RETAIL LTD. was last trading in BSE at Rs.105.55 as compared to the previous close of Rs. 104.55. The total number of shares traded during the day was 85513 in over 1138 trades.

The stock hit an intraday high of Rs. 106.9 and intraday low of 102.5. The net turnover during the day was Rs. 8973906.

Source : Equity Bulls

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