Future Consumer announced of allotment of 14.96 Ct equity shares to BlackRiver Food 2Pte. Ltd. This would be the result of the conversion of Compulsorily Convertible Debentures or CCDs and Coupons.
These were issued after the approval granted by shareholders of the company. The approval came after an Extra Ordinary General Meeting, which was held on January 22, 2016.
As a result of this allotment of equity shares, the paid-up capital of the company will rise to Rs 11,05,64,14,194. This would comprise of 1,842,735,699 equity shares, each of Rs 6.
Future Consumer Ltd is currently trading at Rs 57.25, up by Rs 0.5 or 0.88% from its previous closing of Rs 56.75 on the BSE.
The scrip opened at Rs 57.3 and has touched a high and low of Rs 57.7 and Rs 57 respectively. So far 2.3 lakh shares were traded on the counter.