Fomento Resorts & Hotels to raise Rs. 70 crores

The Board of Directors of Fomento Resorts & Hotels Ltd at its meeting held on August 08, 2014, has decided to raise funds to the tune of Rs. 70 Crores (Seventy Crores Only) by issue of preference shares on private placement basis, subject to the approval of the shareholders of the Company.

Shares of FOMENTO RESORTS & HOTELS LTD. was last trading in BSE at Rs.68.35 as compared to the previous close of Rs. 62.15. The total number of shares traded during the day was 400 in over 4 trades.

The stock hit an intraday high of Rs. 68.35 and intraday low of 68.35. The net turnover during the day was Rs. 27340.

Source : Equity Bulls

Keywords