The much talked about NCD HDIL, is for HNIs. It is not for common investors like us. The debentures are of 10 lakhs. This NCD is different from TATA motor and L & T finance NCDs that were out recently.
Housing Development & Infrastructure Ltd (HDIL) has announced that the first Tranche has been closed on December 28, 2009. Company has received application & Subscription for 4000 Secured Redeemable & Non-Convertible Debentures of Rs. 10,00,000/- (Rupees ten Lakhs) each, aggregating to Rs. 400 Crores in first Tranche out of the 11,500 Secured Redeemable & Non-Convertible Debentures of Rs. 10,00,000/- (Rupees ten Lakhs) each for cash aggregating to Rs. 1,150 crores.
The said Secured Redeemable & Non-Convertible Debentures will be issued in one or more Tranche and shall be listed on the Stock Exchange.
1 comments:
nice...
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