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| Exchange Disseminated Time 28/05/2016 14:02:26 | Housing Development and Infrastructure Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on May 28, 2016 at 12:30 p.m. and concluded at 1:45 p.m. inter alia, has:
1. Considered to issue security up to US$ 350 million, subject to approval of the Members.
2. Considered Preferential offer and issue of upto Rs. 150 Crore in share warrants, convertible into equity shares of Face Value of Rs. 10/- each to Mr. Sarang Wadhawan, Promoter of the Company, subject to approval of the Members.
3. Appointed Mr. Ashok Kumar Gupta as Independent Director of the Company, subject to approval of the Members. |
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