HDFC allots 78416 shares pursuant to conversion of FCCBs

Housing Development Finance Corporation Ltd (HDFC) has announced that the Corporation on February 19, 2008, allotted 78,416 equity shares of Rs 10 each pursuant to conversion of FCCBs by bondholders and exercise of stock options by employees.

Post the above allotment, the paid-up equity share capital of the Corporation would stand at Rs 283,50,23,360 consisting of 28,35,02,336 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: 3816
- % converted: 76.32%.

Source : Equity Bulls

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