Fact Enterprise to consider allotment of 4075000 shares on Oct 18, 2010

Fact Enterprise Ltd has announced that a meeting of the Board of Directors of the Company will be held on October 18, 2010, for 40,75,000 Allotment of Equity Shares / warrants on preferential basis at the rate not exceeding Rs. 38.24 and any other businesses as per the discretion of the Board of Directors.

The stock was trading at Rs.34.85, up by Rs.2 or 6.09%. The stock hit an intraday high of Rs.34.90 and low of Rs.32.40.

The total traded quantity was 4986 compared to 2 week average of 5536.

Source : Equity Bulls

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