Firstobject Technologies approves preferential issue at Rs 45

Firstobject Technologies Ltd has announced that the Board of Directors of the Company at its meeting held on February 18, 2010, inter alia, has considered and approved the Preferential Issue @ price of Rs. 45/- Share (at a premium of Rs. 35/- per share and face value of Rs. 10/- per share) to Promoters, Strategic Investors and Others.

The Board also approved to fix the EGM date on March 25, 2010 for the said preferential issuance.

The stock closed the day at Rs.32.60, up by Rs.1.55 or 4.99%. The stock hit an intraday high of Rs.32.60 and low of Rs.30.60.

The total traded quantity was 310948 compared to 2 week average of 81670.

Source : Equity Bulls

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