trending Market Intelligence /marketintelligence/en/news-insights/trending/l_g6stmpwgr75212pmmsng2 content esgSubNav
In This List

India's Housing Development Finance issues new shares


Banking Essentials Newsletter: 17th April Edition


Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

India's Housing Development Finance issues new shares

Housing Development Finance Corp. Ltd. approved the allotment of 25,448,174 new equity shares.

The company said Feb. 15 it issued 24,933,574 shares to eight investors at 1,726.05 rupees apiece on a preferential basis, and 514,600 equity shares at a premium of 1,487 rupees per share to three warrant holders.

Following the allotment of new shares, the company's paid-up capital increased to approximately 3.25 billion rupees consisting of 1,623,336,219 equity shares of 2 rupees each.

As of Feb. 15, US$1 was equivalent to 63.93 Indian rupees.