HDFC allots 396841 shares on conversion of FCCBs

Housing Development Finance Corporation Ltd (HDFC) has announced that during the last week the Corporation received Conversion Notices for conversion of 127 FCCBs of the face value of USD 100000 each.

Accordingly the Corporation on November 19, 2007, allotted 3,96,841 equity shares of Rs 10 each in terms of the Offering Circular dated September 21, 2005.

Post the above allotment, the paid-up equity share capital of the Corporation would stand at Rs 278,67,29,360 consisting of 27,86,72,936 equity shares of Rs 10 each.

The summary of the FCCBs converted till date is as follows:

- Total FCCBs issued (Face Value USD 100000): 5000
- Number of FCCBs converted till date: 2436
- %ge converted: 48.27%.

Source : Equity Bulls

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