Fame India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 13, 2012 have approved January 25, 2012 to be the Record Date for the purpose of deciding the shareholders who are eligible to apply for Equity Shares on rights basis in the proposed Issue.
The company proposes to issue 2,02,90,508 equity shares on a rights basis to its existing equity shareholders aggregating to approximately Rs.8928 lakhs. The rights issue ratio is 58 equity shares for every 100 equity shares held by the shareholders as on the record date.
The company is issuing shares at a price of Rs.44 (inclusive of premium of Rs.34) per equity share. The face value per equity share is Rs.10. The rights issue opens for subscription on Tuesday – February 7, 2012 and closes for subscription on Tuesday – February 21, 2012. The Fame India Ltd stock closed the day at Rs.49.15, up by Rs.0.95 or 1.97%. The stock hit an intraday high of Rs.49.90 and low of Rs.47.25. The total traded quantity was 4113 compared to 2 week average of 55179.*To get the password for buy calls, please subscribe to this blog. You will receive the password in next email to you*