Dewan Housing Finance Corporation Limited has informed that at the Extra Ordinary General Meeting held on June 27, 2009, the members had approved and authorised the Company for the issue of equity shares of face value of Rs 10/- each in the Company to Qualified Institutional Buyers (QIBs) for an amount not exceeding Rs 300 crore under Qualified Institutions Placement in terms of Chapter XIII-A of SEBI Guidelines.
The Committee of the Board of Directors of the Company has, at its meeting held on July 07, 2009, issued and allotted 1,60,12,231 fully paid-up Equity Shares of Rs 10/- each, at a price of Rs 141/- per Equity Share (including a premium of Rs 131/- per Equity Share), aggregating to Rs 225,77,24,571 (Rupees Two Hundred and Twenty Five Crore Seventy Seven Lakh Twenty Four Thousand Five Hundred and Seventy One only).
Consequent to the issue and allotment of the Equity Shares as aforesaid, the Paid-up Equity Share Capital of the Company stands increased from the present Rs 60,52,29,750/- divided into 6,05,22,975 Equity Shares of face value of Rs 10/- each to Rs 76,53,52,060 divided into 7,65,35,206 Equity Shares of face value of Rs 10/- each.
The Committee of the Board of Directors of the Company has, at its meeting held on July 07, 2009, issued and allotted 1,60,12,231 fully paid-up Equity Shares of Rs 10/- each, at a price of Rs 141/- per Equity Share (including a premium of Rs 131/- per Equity Share), aggregating to Rs 225,77,24,571 (Rupees Two Hundred and Twenty Five Crore Seventy Seven Lakh Twenty Four Thousand Five Hundred and Seventy One only).
Consequent to the issue and allotment of the Equity Shares as aforesaid, the Paid-up Equity Share Capital of the Company stands increased from the present Rs 60,52,29,750/- divided into 6,05,22,975 Equity Shares of face value of Rs 10/- each to Rs 76,53,52,060 divided into 7,65,35,206 Equity Shares of face value of Rs 10/- each.
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