Fedders Electric and Engineering Ltd allots shares to IM+ Capitals Ltd

The Board of Directors of Fedders Electric and Engineering Ltd in there meeting held today i.e., Friday, 03rd December, 2021 have made allotment of shares to the new promoters of the Company as per the terms of the resolution plan. The Company has allotted 3,00,00,000 Equity Shares to IM+ Capitals Limited and other shareholders.

Shares of IM+ Capitals Limited was last trading in BSE at Rs. 82.85 as compared to the previous close of Rs. 83.70. The total number of shares traded during the day was 1090 in over 21 trades.

The stock hit an intraday high of Rs. 87.85 and intraday low of 82.85. The net turnover during the day was Rs. 91689.00.

Source : Equity Bulls

Keywords

FeddersElectricandEngineering SharesAllotment IM+CapitalsLimited INE417D01012 ResolutionPlan