HDFC allots 1,52,50,000 equity shares to CMP Asia Ltd

Housing Development Finance Corporation Ltd (HDFC) has announced that the Allotment Committee of Directors of the Corporation on July 11, 2007, has approved the allotment of 1,52,50,000 equity shares of Rs 10 each for cash at a price of Rs 1730 per share to CMP Asia Ltd, subject to a lock-in of 18 months from the date of allotment in terms of the special resolution passed by the shareholders at the 30th Annual General Meeting of the Company held on June 27, 2007.

The stock was trading at Rs.1915.35, up by Rs.0.90 or 0.05%. The stock hit an intraday high of Rs.1934 and low of Rs.1905.05. The total traded quantity was 10874 compared to 2 week average of 124321.

Source : Equity Bulls

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