HDIL allots shares under Green Shoe Option

Housing Development & Infrastructure Ltd (HDIL) has announced that the Committee of Directors (CoD) of the Company at its meeting held on August 25, 2007 has allotted 42,72,081 equity shares of face value of Rs 10/- each per share at a premium of Rs 490/- per share in accordance with clause 8A.15 of Securities and Exchange Board of India (Disclosure And Investor Protection) Guidelines, 2000, in respect of Green Shoe Option (GSO) of its recently concluded Initial Public Offer (IPO).

The stock was trading at Rs.524.30, up by Rs.18.15 or 3.59%. The stock hit an intraday high of Rs.524.60 and low of Rs.510. The total traded quantity was 432831 compared to 2 week average of 1061912.

Source : Equity Bulls

Keywords