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.
