Future Retail Ltd approves allotment of 467558 shares

The Nomination and Remuneration Committee ("the Committee") of Future Retail Ltd has approved the allotment of 4,67,558 Equity Shares of Rs. 2/- each to eligible employee(s) under the FRL ESOP - 2016 of the Company by way of Circular Resolution.

Upon allotment, the paid equity share capital of the Company stand increased from Rs. 94,26,77,114/- (Rupees Ninety Four Crore Twenty Six Lac Seventy Seven Thousand One Hundred Fourteen only) divided into 47,13,38,557 (Forty Seven Crore Thirteen Lac Thirty Eight Thousand Five Hundred Fifty Seven only) Equity Shares of Rs. 2/- (Rupees Two only) each to Rs. 94,36,12,230/- (Rupees Ninety Four Crore Thirty Six Lac Twelve Thousand Two Hundred Thirty only) divided into 47,18,06,115 (Forty Seven Crore Eighteen Lac Six Thousand One Hundred Fifteen only) Equity Shares of Rs. 2/- (Rupees Two only) each.

Shares of FUTURE RETAIL LTD. was last trading in BSE at Rs.18 as compared to the previous close of Rs. 18.5. The total number of shares traded during the day was 108496 in over 265 trades.

The stock hit an intraday high of Rs. 18.6 and intraday low of 18. The net turnover during the day was Rs. 1985614.

Source : Equity Bulls

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