HDFC allots 1056165 shares pursuant to conversion of FCCBs

Housing Development Finance Corporation Ltd (HDFC) has announced that during the last week the Corporation received Conversion Notices for conversion of 338 FCCBs of the face value of USD 100000 each.

Accordingly the Corporation on December 17, 2007, allotted 10,56,165 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 280,72,99,230 consisting of 28,07,29,923 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: 3055
- % converted: 61.10%.

Source : Equity Bulls

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