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Outcome of Finance Committee Meeting - Allotment of Share Warrants on Preferential basis

| Updated on July 30, 2016 Published on July 30, 2016

Housing Development and Infrastructure Ltd has informed BSE that pursuant to the special Resolution passed through postal ballot by the Members of the Company, under Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (“SEBI ICDR Regulations”) and Sections 62 and 42 of the Companies Act, 2013 read with relevant rules framed thereunder, the Finance Committee of the Board at its Meeting held on July 29, 2016, approved the allotment of 150,00,000 (One Crore and Fifty Lac) share warrants at an ‘Issue Price’ of Rs. 100.00 (Rupees One Hundred only) each, to Mr. Sarang Wadhawan, Promoter of the Company, upon receipt of minimum subscription amount as prescribed under Regulation 77 of SEBI ICDR Regulations.

As the Company has allotted share warrants, as on date there is no change in the paid up equity share capital of the Company.

Pdf Link: >Outcome of Finance Committee Meeting - Allotment of Share Warrants on Preferential basis

Source : BSE - >www.bseindia.com

Published on July 30, 2016
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