HDIL Closes 4th Tranche of Secured Redeemable Non-Convertible Debentures

Housing Development and Infrastructure Ltd has announced that the fourth tranche has been closed on March 04, 2010. The Company has received application and Subscription for 550 Secured Redeemable and Non-Convertible Debentures of Rs. 10,00,000/- (Rupees ten Lakhs) each, aggregating to Rs. 55 Crores in fourth 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 stock closed the day at Rs.308.95, up by Rs.0.10 or 0.03%. The stock hit an intraday high of Rs.313.70 and low of Rs.305.85.

The total traded quantity was 1826907 compared to 2 week average of 2237178.

Source : Equity Bulls

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