Dewan Housing Finance Corporation Ltd to issue shares to QIBs at Rs. 478.18

The Finance Committee of Dewan Housing Finance Corporation Ltd at its meeting held on March 04, 2015 approved the issue and allotment of 1,69,31,102 Equity Shares of face value Rs. 10 each to Qualified Institutional Buyers (QIB) at a price of Rs. 478.18 per Equity Share (including share premium of Rs. 468.18 per Equity Share) aggregating to Rs. 809,61,14,354 (Rupees Eight Hundred Nine Crore, Sixty One Lakh, Fourteen Thousand, Three Hundred And Fifty Four only).

Consequent to the allotment of the Equity Shares to QIBs. the paid-up equity share capital of the Company stands increased from Rs. 128,74,56,400/- divided into 12,87,45,640 equity shares of face value of Rs. 10/- each to Rs. 145,67,67,420 divided into 14,56,76,742 equity shares of face value of Rs. 10/- each.

Shares of DEWAN HOUSING FINANCE CORPORATION LTD. was last trading in BSE at Rs.559.55 as compared to the previous close of Rs. 554.6. The total number of shares traded during the day was 143554 in over 7790 trades.

The stock hit an intraday high of Rs. 564 and intraday low of 539. The net turnover during the day was Rs. 79711700.

Source : Equity Bulls

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