Himachal Futuristic Communications Ltd approves redemption of 20,12,500 CRPS

Himachal Futuristic Communications Ltd (HFCL) approved redemption of 20,12,500, 6.5% Cumulative Redeemable Preference Shares (CRPS) of Rs.100/- each aggregating to Rs.20,12,50,000/- which constitute 25% of the total preference capital of the Company, at par on 31st March, 2018 being the redemption date as per the terms of CRPS.

The Board of Directors has fixed 27th March, 2018 as the Record Date to ascertain the preference shareholders who are entitled for the redemption of their shareholding as required under Regulation 42 of SEBI Regulations.

Shares of HIMACHAL FUTURISTIC COMMUNICATIONS LTD. was last trading in BSE at Rs.26.95 as compared to the previous close of Rs. 27.6. The total number of shares traded during the day was 2442948 in over 1185 trades.

The stock hit an intraday high of Rs. 27.7 and intraday low of 26.8. The net turnover during the day was Rs. 66559959.

Source : Equity Bulls

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