Future Lifestyle Fashions Ltd approves allotment of 38,22,464 Equity Shares

Pursuant to the approval of the Shareholders of Future Lifestyle Fashions Ltd at their Extraordinary General Meeting held on 14 June 2018 and in-principle approvals granted by the Stock Exchanges, the Committee of Directors of the Company on 21 June 2018, has approved the allotment of 38,22,464 Equity Shares of face value of Rs. 2/- each for cash at an issue price of Rs. 445.50 per Equity Share aggregating to Rs. 170,29,07,712/- to Spectacular Investments Pte. Ltd. (a Registered Foreign Portfolio Investor) by way of preferential allotment.

Post such allotment, the Paid-up Equity Share Capital of the Company stands increased from Rs. 38,13,01 ,128/- divided into 19,06,50,564 Equity Shares of Rs. 2/- each to Rs. 38,89,46,056/- divided into 19,44, 73,028 Equity Shares of Rs. 2/- each.

Shares of Future Lifestyle Fashions Ltd was last trading in BSE at Rs.433 as compared to the previous close of Rs. 432.15. The total number of shares traded during the day was 100607 in over 39 trades.

The stock hit an intraday high of Rs. 436 and intraday low of 430. The net turnover during the day was Rs. 43863479.

Source : Equity Bulls

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