19 Mar 19 | 16:00
Housing Development and Infrastructure Ltd
Exchange Received Time
Exchange Disseminated Time
Announcement under Regulation 30 (LODR)-Allotment |
12/29/2018 7:08:27 PM
In pursuance to the special Resolution passed in 22nd Annual General Meeting held on September 29, 2018 and on receipt of In-principle Approval from Stock Exchange(s), in accordance to Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (Previously Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009) and Sections 62 and 42 of the Companies Act, 2013 ('The Act') read with relevant rules framed thereunder, the Board of Directors on December 28, 2018 through Circular Resolution approved the allotment of 2,00,00,000 (Two Crore) warrants at an 'Issue Price' of ?31.10/- per warrant to Mr. Sarang Wadhawan, Promoter of the Company, upon receipt of minimum subscription amount as prescribed under Regulation 77 of SEBI ICDR Regulations.
Consequent to the issue of warrants by the Company; as on date there is no change in the paid up equity share capital of the Company.
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19 Mar 19|20:42 (IST)