Held on 28 May 2016
Housing Development & Infrastructure announced that the Board of Directors of the Company at its Meeting held on 28 May 2016 inter alia, has:1. Considered to issue security up to US$ 350 million, subject to approval of the Members.
2. Considered Preferential offer and issue of upto Rs. 150 Crore in share warrants, convertible into equity shares of Face Value of Rs. 10/- each to Sarang Wadhawan, Promoter of the Company, subject to approval of the Members.
3. Appointed Ashok Kumar Gupta as Independent Director of the Company, subject to approval of the Members.
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