FDC Ltd allots 55385000 shares

Pursuant to the approval of the Hon'ble High Court of Judicature at Bombay on September 04, 2015, approving the Scheme of Amalgamation, the Board of Directors of FDC Ltd at its meeting held on September 24, 2015 has allotted 55,385,000 equity shares of face value of Re. 1 each to the shareholders of the Transferor Companies i.e. Soven Trading and Investment Company Private Limited, Sudipta Trading and Investment Company Private Limited, Transgene Trading and Investment Company Private Limited, as per the record date of these companies taken as September 22, 2015.

Further, pursuant to the High Court Order the Board has cancelled 55,385,000 equity shares of face value Re. 1 each held by Soven Trading and Investments Private Limited, Sudipta Trading and Investments Private Limited and Transgene Trading and Investment Company Private Limited.

Shares of FDC LTD. was last trading in BSE at Rs.237.6 as compared to the previous close of Rs. 219.25. The total number of shares traded during the day was 381474 in over 8235 trades.

The stock hit an intraday high of Rs. 242.5 and intraday low of 217. The net turnover during the day was Rs. 89817330.

Source : Equity Bulls

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