Comments
Fulford India, which raised ₹40.25 crore from its promoters by allotting seven lakh shares at ₹575 apiece in 2006, informed the exchanges that it has utilised only ₹2.72 crore till now. The funds were raised to provide the company with capital to strengthen its position in the market and to act on strategic business growth opportunities. The remaining ₹37.53 crore continues to be invested in fixed deposits with banks pending its utilisation, it said. The stock jumped over 5 per cent at ₹739.35
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.