HDIL sends postal ballot notice for preferential issue

The Board of Housing Development & Infrastructure Ltd (HDIL) had considered and approved issue of upto 2,00,00,000 (Two Crore) share warrants convertible into equity shares to Mr. Sarang Wadhawan, Promoter of the Company on preferential basis subject to the approval of Shareholders.

With reference to same, the Company has sent Postal Ballot Notices to the Shareholders seeking their approval to the issue.

Shares of HOUSING DEVELOPMENT & INFRASTRUCTURE LTD. was last trading in BSE at Rs.62.1 as compared to the previous close of Rs. 62.35. The total number of shares traded during the day was 1431144 in over 3231 trades.

The stock hit an intraday high of Rs. 62.9 and intraday low of 61.75. The net turnover during the day was Rs. 89331251.

Source : Equity Bulls

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