Reliance Home Finance has informed that the Board of Directors at its meeting held on December 11, 2017, has approved an issuance of secured redeemable non-convertible debentures (NCDs) for an amount aggregating up to Rs 2,000 crores, along with up to 7.5 crore warrants, with a right exercisable by the warrant holder to exchange each warrant with one Equity Share of the Company at a later date (Warrants, and along with the NCDs, the Eligible Securities), by way of a Qualified Institutional Placement (QIP), to be undertaken in accordance with applicable law, subject to market conditions and receipt of all regulatory and corporate approvals, at such terms and conditions as may be determined by the QIP Committee of the Board (QIP Committee) and such other terms and conditions, as may be approved by the QIP Committee in due course; and the relevant date in respect of the Eligible Securities to be the date of the meeting in which the QIP Committee decides to open the QIP.
The above information is a part of company’s filings submitted to BSE.
Company Name | CMP |
---|---|
LIC Housing Finance | 616.65 |
Indiabulls Housing | 150.80 |
Housing & Urban Dev. | 231.55 |
PNB Housing Finance | 702.65 |
Can Fin Homes | 732.10 |
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