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IFB Agro to seek approval for issuing 998,000 equity shares

08 Jan 2013 Evaluate

IFB Agro Industries will hold meeting for obtaining shareholder’s approval for issuing 998,000 equity shares, at a price to be decided in accordance with the SEBI guidelines and other applicable provisions to promoters of the company. The company’s board of directors at their meeting held on January 07, 2013, has decided to convene an Extra Ordinary General Meeting of the members of the company on February 6, 2013 for the same.

IFB Agro Industries is one of the largest producers of alcohol in eastern India, having 6 large captive bottling plants situated in Bengal, Orissa & North East. The company is also engaged in the production of Carbon Dioxide Gas & processing of Marine Products for Export as well as for the Indian market. 

Peers
Company Name CMP
United Spirits 1390.00
United Breweries 1248.95
Radico Khaitan 4438.00
India Glycols 264.00
Allied Blenders&Dist 651.00
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