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HDFC Preferential Issue
Sunday, May 27, 2007
The board of Housing Development Finance Corporation has decided to issue 18-million equity shares of Rs 10 each on preferential basis at a price of Rs 1730 per share. The board also decided to increase the authorised share capital from Rs 275 crore to Rs 325 crore.
The board has also decided to grant 50,60,000 stock options in Employees Stock Option Scheme and Employee Stock Purchase Scheme.
These were decided in the board meeting held on 25 May 2007 and are subject to shareholders' approval.
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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.
