Federal-Mogul notifies record date for rights issue
Federal-Mogul notifies record date for rights issue
Federal-Mogul Goetze (India) fixed Sep. 24, 2007 as the record date for the purpose of issue of shares on right basis.
The company will be issuing 7,333,390 shares, of Rs 10 each, at a price of Rs 145 (including Rs 135 premium) on right basis.
Federal-Mogul Goetze swung to a profit of Rs 8.56 million for the quarter ended June 2007 from a loss of Rs 64.62 million in the corresponding quarter, a year ago.
Net sales for the quarter rose 28.01%, to Rs 1, 465.83 million compared with the corresponding quarter, a year ago.
Shares of the company declined Rs 2.4, or 1.39%, to settle at Rs 170.5. The total volume of shares traded was 10,754 at the BSE. (Thursday)
