Fedders Electric and Engineering Ltd to allot RNCCPS to IM+ Capitals Ltd

The Board of directors of Fedders Electric and Engineering Limited has accorded its approval/consent for issuance and allotment of 5800000 (Fifty-Eight Lakh Only) Redeemable Non-Convertible Cumulative Preference shares of face value of Rs.10/- each (Rupees Ten Only) at a premium of Rs 40/- aggregating to Rs. 29 Crores to the Promoter of the Company namely M/s IM+ Capitals Limited.

Shares of IM+ Capitals Limited was last trading in BSE at Rs. 542.80 as compared to the previous close of Rs. 547.10. The total number of shares traded during the day was 552 in over 29 trades.

The stock hit an intraday high of Rs. 570.00 and intraday low of 531.60. The net turnover during the day was Rs. 301380.00.

Source : Equity Bulls

Keywords

IMplusCapitals INE417D01012 FeddersElectricandEngineering Investment RNCCPS