Ansal Housing to issue debentures worth Rs 100 crores | INRnews
The Board of Directors of the Company at its meeting held on November 21, 2006 had approved the issue of 30,00,000 Equity Shares on the basis of 'Qualified Institutions Placement' (QIP) contained in chapter XIIIA of the SEBI (DIP Guidelines), 2000.
The Board of Directors of the Company at its meeting held on November 28, 2006, had also decided to allott 8,19,659 nos. of Zero Coupon Secured Redeemable Optionally Convertible Debentures (ROCD) of Rs 100/- each by way of Preferential Issue to M/s. HDFC Ventures Trustee Company Ltd ("HI-REF") at a price of Rs 610.01 per ROCD.
By INRnews Correspondent
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