Future Lifestyle Fashions Ltd updates on proposed Preferential Issue of Shares

In the matter of issue and allotment of shares of Future Lifestyle Fashions Ltd on preferential basis to Ryka Commercial Ventures Private Limited (a member of the Promoter group), Securities & Exchange Board of India ("SEBI") vide its letter dated June 10, 2014, has conveyed to the Company its decision not to grant exemption from Regulation 72(2) of the SEBI (ICDR) Regulations, 2009 for inter-se transfer of shares made by another promoter group entity to its holding company.

Shares of Future Lifestyle Fashions Ltd was last trading in BSE at Rs.102.15 as compared to the previous close of Rs. 103.5. The total number of shares traded during the day was 136228 in over 2806 trades.

The stock hit an intraday high of Rs. 110.1 and intraday low of 100.7. The net turnover during the day was Rs. 14552231.

Source : Equity Bulls

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