HDB FINANCIAL SERVICES Ltd secures approval for Private Placement of NCDs

HDB FINANCIAL SERVICES Ltd has secured an approval from its Board of Directors to borrow funds by issue of secured redeemable non-convertible debentures on private placement basis, in one or more tranches, upto Rs.5000 crores ("issue") at their meeting held on July 15, 2015. And that, the BSE has provided an in-principle approval for this issue vide, its letter dated December 08, 2015.

The Company now intends to raise its Seventh tranche of Rs.250 crores with Green Shoe Option to retain over-subscription upto Rs.350 crores, in aggregate on private placement. The securities under this Tranche would be allotted by the consent of the Debenture Allotment Committee on April 13, 2016.

Shares of 20 MICRONS LTD. was last trading in BSE at Rs.31.25 as compared to the previous close of Rs. 31.85. The total number of shares traded during the day was 10069 in over 53 trades.

The stock hit an intraday high of Rs. 31.9 and intraday low of 30.8. The net turnover during the day was Rs. 316527.

Source : Equity Bulls

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