HDFC allots 1518960 shares pursuant to exchange of Warrants

Housing Development Finance Corporation Ltd has on July 16, 2012 alllotted 15,18,960 equity shares of Rs. 2 each pursuant to exchange of 15,18,960 Warrants by 50 Warrant holders of the Corporation.

Further, the Corporation has extinguished the said 15,18,960 Warrants and the outstanding Warrants post the said exchange stands at 4,45,50,000.

Post the above allotment, the paid-up equity share capital of the Corporation would stand at Rs. 298,03,04,580 consisting of 149,01,52,290 equity shares of Rs. 2 each.

The Housing Development Finance Corporation Ltd stock closed the day at Rs.678.60, up by Rs.3.65 or 0.54%. The stock hit an intraday high of Rs.681 and low of Rs.675.

The total traded quantity was 0.44 lakhs compared to 2 week average of 0.93 lakhs.

Source : Equity Bulls

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