HDFC to allot 1,03,89,041 equity shares at Rs. 1825 to QIBs

The committee of the board of directors of Housing Development Finance Corporation Ltd (HDFC) has at its meeting held on March 5, 2018 have approved and declared the closure of the issue today (March 5, 2018).

The committee determined and approved the issue of 1,03,89,041 equity shares at an issue price of Rs. 1825 (including a share premium of Rs. 1823) per equity share, which is marginally higher than the price determined as per the SEBI regulations, to be allotted to eligible qualified institutional buyers (QIB) in the QIP.

The issue received very good response from a wide range of qualified institutional buyers.

Shares of HOUSING DEVELOPMENT FINANCE CORP.LTD. was last trading in BSE at Rs.1790 as compared to the previous close of Rs. 1812.65. The total number of shares traded during the day was 334340 in over 2546 trades.

The stock hit an intraday high of Rs. 1814.75 and intraday low of 1780.4. The net turnover during the day was Rs. 600372645.

Source : Equity Bulls

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