HDIL to raise US$ 450 million

Housing Development & Infrastructure Ltd (HDIL) has announced that the Board of Directors of the Company at its meeting held on July 29, 2009, inter alia, has approved the issue of further shares / securities upto an amount of USD 450 Million (United States Dollars Four Hundred and Fifty Million only) or its Indian Rupee equivalent.

The Board approved the notice for conveying the Annual General Meeting.

The stock was trading at Rs.267.15, down by Rs.21.25 or 7.37%. The stock hit an intraday high of Rs.289.90 and low of Rs.261.50.

The total traded quantity was 3960536 compared to 2 week average of 5610852.

Source : Equity Bulls

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