Fiberweb India Ltd approves allotment of 700000 shares

Fiberweb India Ltd has approved the allotment of 700000 Equity Shares on Conversion of Convertible Equity Warrants issued by the Company on preferential basis to group of Strategic Investors, not forming part of the Promoter Group of the Company in terms of SEBI (ICDR) Regulation, 2009.

Shares of FIBERWEB (INDIA) LTD. was last trading in BSE at Rs.345 as compared to the previous close of Rs. 363.9. The total number of shares traded during the day was 106111 in over 1685 trades.

The stock hit an intraday high of Rs. 378.9 and intraday low of 333.05. The net turnover during the day was Rs. 37978231.

Source : Equity Bulls

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