HDIL closes 3rd Tranche of Secured Redeemable Non-Convertible Debentures Issue

Housing Development and Infrastructure Ltd has announced that the third tranche has been closed on February 03, 2010. The Company has received application and Subscription for 2000 Secured Redeemable and Non-Convertible Debentures of Rs. 10,00,000/- (Rupees ten Lakhs) each, aggregating to Rs. 200 Crores in third 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 was trading at Rs.311.90, up by Rs.2.95 or 0.95%. The stock hit an intraday high of Rs.314.50 and low of Rs.308.50.

The total traded quantity was 746195 compared to 2 week average of 2287040.

Source : Equity Bulls

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