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Dewan Housing Finance Corporation allots equity shares

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Capital Market

Under QIP

Dewan Housing Finance Corporation announced that the Finance Committee of the Company at its meeting held on 04 March 2015 approved the issue and allotment of 1,69,31,102 Equity Shares of face value Rs. 10 each to Qualified Institutional Buyers (QIB) at a price of Rs. 478.18 per Equity Share (including share premium of Rs. 468.18 per Equity Share) aggregating to Rs. 809,61,14,354 (Rupees Eight Hundred Nine Crore, Sixty One Lakh, Fourteen Thousand, Three Hundred And Fifty Four only).

Consequent to the allotment of the Equity Shares to QIBs, the paid-up equity share capital of the Company stands increased from Rs. 128,74,56,400/- divided into 12,87,45,640 equity shares of face value of Rs. 10/- each to Rs. 145,67,67,420 divided into 14,56,76,742 equity shares of face value of Rs. 10/- each.

 

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First Published: Mar 05 2015 | 9:07 AM IST

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