HB Estate Developers Ltd allots 20 lakhs preference shares

The Securities Committee of the Board of Directors of HB Estate Developers Ltd in its meeting held on March 23, 2015 has allotted Twenty (20) Lakhs Redeemable Non-Cumulative Non-Convertible Preference Shares - Series II of face value of Rs. 100/- each carrying Non-Cumulative Preference Dividend of 9% on Private Placement basis.

The total amount for which the securities allotted (Tranche-3) - Rs. 20 Crores.

Shares of HB ESTATE DEVELOPERS LTD. was last trading in BSE at Rs.9.51 as compared to the previous close of Rs. 9.97. The total number of shares traded during the day was 160 in over 14 trades.

The stock hit an intraday high of Rs. 9.97 and intraday low of 9.5. The net turnover during the day was Rs. 1521.

Source : Equity Bulls

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