HDFC Bank allots 26200220 Warrants

HDFC Bank Ltd has announced that the Bank has allotted 2,62,00,220 warrants convertible into equity shares of the face value of Rs 10/- each for cash at a premium of Rs 1520.13 per share, to Housing Development Finance Corporation Ltd ("HDFC Ltd") on preferential basis, pursuant to SEBI (Disclosure & Investor Protection) Guidelines, 2000.

The stock was trading at Rs.1252.30, down by Rs.54.25 or 4.15%. The stock hit an intraday high of Rs.1296.80 and low of Rs.1251.

The total traded quantity was 30887 compared to 2 week average of 95280.

Source : Equity Bulls

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