Dewan Housing Finance Corporation allots 11909873 Equity Shares to Qualified Institutional Buyers

In respect of issue of the Equity Shares to Qualified Institutional Buyers (QIBs) pursuant to qualified institutions placement in terms of Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, ("SEBI ICDR Regulations") as amended, the Committee of the Board of Directors of Dewan Housing Finance Corporation Ltd on February 29, 2012, has decided to issue and allot, 1,19,09,873 (One Crore Nineteen Lakh Nine Thousand Eight Hundred Seventy Three) equity shares of face value of Rs. 10/- each at a price of Rs. 255.50 per equity (including a premium of Rs. 245.50 per equity shares) aggregating to Rs. 304,29,72,552 (Rupees Three Hundred Four Crore, Twenty Nine Lakh, Seventy Two Thousand, Five Hundred Fifty Two Only).

Consequent to the issue and allotment of the Equity Shares to QIBs, the Paid-up Equity Share Capital of the Company stands increased from the present Rs. 104,93,01,080 divided into 10,49,30,108 equity shares of face value of Rs. 10/- each to Rs. 116,83,99,810 divided into 11,68,39,981 equity shares of face value of Rs. 10/- each.

The Dewan Housing Finance Corporation Ltd stock closed the day at Rs.250, down by Rs.2.75 or 1.09%. The stock hit an intraday high of Rs.256.45 and low of Rs.249.

The total traded quantity was 1.04 lakhs compared to 2 week average of 1.84 lakhs.

Source : Equity Bulls

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