This Article is From Nov 23, 2011

Indus Fila to issue 2.97 mln shares to promoters for unsecured loan

Indus Fila to issue 2.97 mln shares to promoters for unsecured loan
MUMBAI, SEPTEMBER 01: Indus Fila Ltd board has approved issue of 2.97 million shares at Rs 30 per share to promoters on part conversion of unsecured loans.
In a media release Wednesday, Indus Fila said the value of the unsecured loans on conversion to shares will total Rs 89.10 million.
At 9:20AM, Indus Fila shares were at Rs 27 on National Stock Exchange, up 3% from previous close.
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