IFB Industries allots 68 lakh shares to IFB Automotive

IFB Industries Ltd has announced that the committee of directors formed for the purpose of allotment, in their meeting held March 03, 2009 allotted 68,00,000 equity shares of Rs 10/- (at par) to IFB Automotive Pvt. Ltd, a promoter group Company. The promoters brought in above fund in line with the direction of BIFR in the Sanctioned Scheme.

The stock was trading at Rs.25.10, down by Rs.0.95 or 3.65%. The stock hit an intraday high of Rs.25.10 and low of Rs.25.10.

The total traded quantity was 100 compared to 2 week average of 691.

Source : Equity Bulls

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