HDIL raises Rs 1,688 cr
The Financial Express, Corporates & Markets, July 3, 2009, Page 1
Realty developer Housing Development & Infrastructure Ltd (HDIL) has said it will raise Rs 1,688.40 crore through the issue of shares to qualified institutional buyers (QIBs) on a private placement basis. The company’s QIP has resolved to issue up to 7.03 crore equity shares at Rs. 240 a piece, aggregating to Rs 1,688.40 crore, HDIL said in a filling to the Bombay Stock Exhange. The issue of QIP, which opened on June 29, closed on Thursday, it said. Further, the committee has also approved to issue 26 crore covertible warrants at a price of Rs 240 per piece to the promoter of the company on a preferntial basis. Shares of HDIL were trading at Rs. 235.20 down 0.55% in the late afternoon trade on the BSE.
The Financial Express, Corporates & Markets, July 3, 2009, Page 1
Realty developer Housing Development & Infrastructure Ltd (HDIL) has said it will raise Rs 1,688.40 crore through the issue of shares to qualified institutional buyers (QIBs) on a private placement basis. The company’s QIP has resolved to issue up to 7.03 crore equity shares at Rs. 240 a piece, aggregating to Rs 1,688.40 crore, HDIL said in a filling to the Bombay Stock Exhange. The issue of QIP, which opened on June 29, closed on Thursday, it said. Further, the committee has also approved to issue 26 crore covertible warrants at a price of Rs 240 per piece to the promoter of the company on a preferntial basis. Shares of HDIL were trading at Rs. 235.20 down 0.55% in the late afternoon trade on the BSE.
Posts
No comments:
Post a Comment