Fiberweb India Ltd approves allotment of 1000000 shares

Fiberweb India Ltd has approved the allotment of 1000000 Equity Shares on Conversion of Convertible Equity Warrants issued by the Company on preferential basis to group of Strategic Investors, not forming part of the Promoter Group of the Company in terms of SEBI (ICDR) Regulation, 2009 and as per resolution passed by the member at their Extra Ordinary General Meeting held on 18th February, 2017.

Shares of FIBERWEB (INDIA) LTD. was last trading in BSE at Rs.325.5 as compared to the previous close of Rs. 326.65. The total number of shares traded during the day was 13346 in over 267 trades.

The stock hit an intraday high of Rs. 332.9 and intraday low of 321. The net turnover during the day was Rs. 4375733.

Source : Equity Bulls

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