Fulford India

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