IFB Industries allots 50,00,000 Equity Shares

The committee of Directors of IFB Industries Ltd formed for the purpose of allotment, in their meeting held on June 11, 2012 allotted 41,00,000 equity shares to IFB Automotive Pvt. Ltd. and 9,00,000 equity shares to Asansol Bottling & Packaging Company Pvt. Ltd., both promoter group Companies, on Preferential basis.

The IFB Industries Ltd stock closed the day at Rs.62.80, up by Rs.1.30 or 2.11%. The stock hit an intraday high of Rs.69.95 and low of Rs.62.50.

The total traded quantity was 3058 compared to 2 week average of 3765.

Source : Equity Bulls

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