Dewan Housing - Outcome of Allotment Committee Meeting

March 11, 2016 - 03:37:00 PM

Dewan Housing Finance Corporation Ltd has informed BSE that the Allotment Committee of the Board of Directors of the Company at its meeting held on March 11, 2016 approved the issue and allotment of 2,12,30,070 (Two Crore, Twelve Lakh, Thirty Thousand and Seventy) number of warrants at the "Issue Price" of Rs. 235.515 (Rupees Two Hundred Thirty Five and Paise Five Hundred and Fifteen only) per warrant, upon receipt of 25% of Rs. 500,00,00,000 (Rupees Five Hundred Crore Only), i.e the total consideration, to M/s Wadhawan Global Capital Private Limited, promoter entity of the Company, convertible into equivalent number of equity shares of Rs. 10/- each, which shall be allotted within 18 (eighteen) months from the date of allotment of the said convertible warrants, in one or more tranches.

As the Company has allotted warrants, there is no change in the paid up equity share capital of the Company.

CIN: U67190WB2003PTC096617. Trading in Commodities is done through our Group Company Dynamic Commodities Pvt. Ltd. The company is also engaged in Proprietory Trading apart from Client Business.

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