Fortune Financial Services India Ltd approves allotment of 22677777 shares

The Internal Finance Committee of Fortune Financial Services India Ltd in its meeting held on April 25, 2016, has approved the allotment of 226,77,777 equity shares of the Company of face value Rs. 10/- each for cash at an issue price of Rs. 90 each (including premium of Rs. 80 each) on a fully -paid basis (wherein applicants were required to pay Rs. 90 per equity share out of which Rs. 10 of the application money being adjusted towards the face value of the equity share and Rs. 80 being adjusted towards the share premium account per equity share) aggregating to Rs. 20,410 lakhs, to all eligible applicants who had applied for the Rights' Issue and whose applications were valid.

Shares of FORTUNE FINANCIAL SERVICES (INDIA) LTD. was last trading in BSE at Rs.150.2 as compared to the previous close of Rs. 150.3. The total number of shares traded during the day was 10177 in over 123 trades.

The stock hit an intraday high of Rs. 152 and intraday low of 144. The net turnover during the day was Rs. 1510163.

Source : Equity Bulls

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