Future Consumer Ltd approves allotment of 66,864,981 equity shares to IFC

Future Consumer Ltd has on 1st January, 2018 allotted 66,864,981 equity shares to International Finance Corporation, consequent to conversion of Compulsorily Convertible Debentures and coupons thereon, issued pursuant to the approval granted by the Shareholders of the Company at an Extra Ordinary General Meeting held on 17th June, 2016.

In terms of the aforesaid allotment of equity shares, the paid-up share capital of the Company stands increased to Rs. 11,479,701,978/- comprising of 1,913,283,663 equity shares of Rs. 6/- each.

Shares of Future Consumer Ltd was last trading in BSE at Rs.76 as compared to the previous close of Rs. 75.15. The total number of shares traded during the day was 758326 in over 2558 trades.

The stock hit an intraday high of Rs. 78 and intraday low of 75. The net turnover during the day was Rs. 58141067.

Source : Equity Bulls

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