HDIL Closes 1st Tranche of Secured Redeemable NCD Issue

Housing Development & Infrastructure Ltd (HDIL) has announced that the first Tranche has been closed on December 28, 2009. Company has received application & Subscription for 4000 Secured Redeemable & Non-Convertible Debentures of Rs. 10,00,000/- (Rupees ten Lakhs) each, aggregating to Rs. 400 Crores in first Tranche out of the 11,500 Secured Redeemable & Non-Convertible Debentures of Rs. 10,00,000/- (Rupees ten Lakhs) each for cash aggregating to Rs. 1,150 crores.

The said Secured Redeemable & Non-Convertible Debentures will be issued in one or more Tranche and shall be listed on the Stock Exchange.

The Stock was trading at Rs.364.55, down by Rs.0.95 or 0.26%. The stock hit an intraday high of Rs.369.15 and low of Rs.360.30.

The total traded quantity was 1045396 compared to 2 week average of 2656278.

Source : Equity Bulls

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