HDFC allots 4020250 shares pursuant to exchange of Warrants

Housing Development Finance Corporation Ltd has on June 12, 2012 allotted 40,20,250 equity shares of Rs. 2 each pursuant to exchange of 40,20,250 Warrants by 24 Warrant holders of the Corporation.

Further, the Corporation has extinguished the said 40,20,250 Warrants and the outstanding Warrants post the said exchange stands at 5,06,42,030.

Post the above allotment, the paid-up equity share capital of the Corporation would stand at Rs. 296,43,63,480 consisting of 148,21,81,740 equity shares of Rs. 2 each.

The Housing Development Finance Corporation Ltd stock was trading at Rs.655, down by Rs.1.50 or 0.23%. The stock hit an intraday high of Rs.657.35 and low of Rs.651.

The total traded quantity was 0.14 lakhs compared to 2 week average of 0.78 lakhs.

Source : Equity Bulls

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