Fame India approves increase in authorised capital through Board resolution by Circulation

The Board of Directors of Fame India Ltd vide Resolution by Circulation dated March 01, 2011 have decided to increase Authorised Capital from Rs. 52,00,00,000/- (Rupees fifty two crores only) divided into 5,19,90,000 equity shares of Rs. 10/- each and 10,000 Preference Shares of Rs. 10/- each to Rs. 63,00,00,000/- (Rupees sixty three crores only) divided into 6,29,90,000 equity shares of Rs. 10/- each and 10,000 Preference Shares of Rs. 10/- each, ranking pari passu with the existing equity shares of the Company, subject to the approval of the shareholders by way of postal ballot.

Consequent amendment of Clause V of the Memorandum of Association of the Company, subject to the approval of the shareholders by way of Postal Ballot.

The stock closed the day at Rs.44.50, up by Rs.1.45 or 3.37%. The stock hit an intraday high of Rs.45.65 and low of Rs.43.

The total traded quantity was 347 compared to 2 week average of 1818.

Source : Equity Bulls

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