HDIL to raise $400 million

The Board of Directors of Housing Development and Infrastructure Ltd at its meeting held on May 23, 2014, has approved the notice convening Eighteen Annual General Meeting of the Company along with Directors' Report and Corporate Governance Report for the financial year ended March 31, 2014.

The Board considered to issue security up to US$ 400 million subject to approval of the shareholders at the forth coming annual general meeting.

Shares of HOUSING DEVELOPMENT & INFRASTRUCTURE LTD. was last trading in BSE at Rs.90.7 as compared to the previous close of Rs. 91.95. The total number of shares traded during the day was 3738712 in over 29783 trades.

The stock hit an intraday high of Rs. 96.2 and intraday low of 90.15. The net turnover during the day was Rs. 347530914.

Source : Equity Bulls

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