HDIL Ltd announced that the Finance Committee of the Board at its Meeting held on January 12, 2018, approved the allotment of 2,00,00,000 (Two Crore) warrants at an ‘Issue Price’ of INR 70.50/- per warrant to Sarang Wadhawan, Promoter of the Company, upon receipt of minimum subscription amount as prescribed under Regulation 77 of SEBI ICDR Regulations.
The stock was higher by 5% at Rs.67.
The stock has hit a high of Rs. 69 and a low of Rs. 65.
Housing Development & Infrastructure Limited (HDIL) has established itself as one of India’s premier real estate development companies, with significant operations in the Mumbai Metropolitan Region. HDIL is a public listed real estate company in India with shares traded on the BSE & NSE Stock Exchanges. HDIL group has completed more than 100 million sq.ft of construction in all verticals of real estate and has rehabilitated around 30,000 families in last one decade. With operations spanning every aspect of the real estate business, from residential, commercial and retail projects, to slum rehabilitation to land development, HDIL was ranked as India’s fastest growing real estate company by Construction World – NICMAR in October 2007. Its residential projects range from apartment complexes to towers to townships.