Housing Development and Infrastructure informs about allotment of warrants

31 Dec 2018 Evaluate

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 read with relevant rules framed thereunder, Housing Development and Infrastructure has informed that the Board of Directors on December 28, 2018 through Circular Resolution approved the allotment of 2,00,00,000 warrants at an 'Issue Price' of Rs 31.10 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 above information is a part of company’s filings submitted to BSE.

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