HDIL Closes QIP of Equity Shares

Housing Development and Infrastructure Ltd has announced that members of the QIP Committee of Board of Director of the Company at its meeting held on September 15, 2010, declared the bid period closed on September 15, 2010, in respect of the issue of equity shares of the Company of face value of Rs. 10 each ("Equity Shares") for an aggregate amount of up to Rs. 11,575 Million (including premium) to Qualified institutional Buyers in terms of Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (the "SEBI Regulations" as opened vide the Committee resolution dated September 13, 2010 (the "Issue").

The stock was trading at Rs.276.50, up by Rs.5.75 or 2.12%. The stock hit an intraday high of Rs.279 and low of Rs.268.40.

The total traded quantity was 11.59 lakhs compared to 2 week average of 12.38 lakhs.

Source : Equity Bulls

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