HDFC allots 449963 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 144 FCCBs of the face value of USD 100000 each.

Accordingly the Corporation on December 31, 2007, allotted 4,49,963 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 281,57,00,390 consisting of 28,15,70,039 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: 3305
% converted: 66.10%.

Source : Equity Bulls

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