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Updates on Outcome of Board Meeting

| Updated on September 29, 2011 Published on September 29, 2011

With reference to proposed merger and share exchange ratio of 10 (Ten) equity share of Rs. 10/- each in Dewan Housing Finance Corporation Limited ("DHFL") for every 97 (Ninety Seven) equity share of Rs. 10/- each held in First Blue Home Finance Limited (formerly known as Deutsche Postbank Home Finance Limited) ("FBHFL") based on the recommendation of Ernst & Young Pvt. Ltd. and fairness opinion on the recommendation provided by Standard Chartered Bank, Dewan Housing Finance Corporation Ltd has informed BSE that the cost of acquisition per share of DHFL to the investors of FBHFL works out to Rs. 321/- per share.

Source : BSE - >www.bseindia.com

Published on September 29, 2011
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