The shareholders of Housing Development & Infrastructure (HDIL) have decided to issue equity shares upto US$ 600 million under Qualified Institutions Placement to Qualified Institutional Buyers. The equity shareholders have decided to offer, issue, allot and deliver upto 26,000,000 warrants on preferential basis to Rakesh Kumar Wadhawan, executive chairman and the promoter of the company.
This was decided at the extraordinary general meeting held on 17 June 2009.
This was decided at the extraordinary general meeting held on 17 June 2009.
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