Dewan Housing Finance Corporation Ltd has informed that the Board of Directors of the Company at its meeting held on January 04, 2008, inter alia, has approved the following, subject to the approval of Equity Shareholders of the Company at the Extra-Ordinary General Meeting, scheduled to be held on February 06, 2008:
1. To create, offer, issue and allot upto an aggregate value not exceeding INR 200 Crore or USD 50 million, whichever is higher, (including green shoe option) equity shares and / or equity shares through depository receipts and / or securities other than warrants, which are convertible or exchangeable with equity shares at a later date, to Qualified Institutional Buyers (QIBs) under Chapter XIIIA of the SEBI Guidelines, being Qualified Institutions Placement (QIP) (Securities) in the course of one or more tranches, public or private offerings in domestic or one or more international markets, to investors (whether residents and / or non-residents and / or strategic investors and / or institutions or banks and / or incorporated bodies and / or trustees and / or stabilization agents or otherwise and irrespective of whether or not such investors are members or not) through a Placement Document and / or a circular and / or on private / preferential placement basis, at such price or prices, at a discount, equal to or at a premium to market price or prices, in such manner and where necessary in consultation with the lead managers and / or underwriters and / or other advisors or otherwise on such terms and conditions as the Company, may, in its absolute discretion, decide at the time of allotment. The relevant date for issuance of such securities is January 07, 2008 or such date as may be fixed in accordance with Chapter XIII A of the SEBI Guidelines.
1. To create, offer, issue and allot upto an aggregate value not exceeding INR 200 Crore or USD 50 million, whichever is higher, (including green shoe option) equity shares and / or equity shares through depository receipts and / or securities other than warrants, which are convertible or exchangeable with equity shares at a later date, to Qualified Institutional Buyers (QIBs) under Chapter XIIIA of the SEBI Guidelines, being Qualified Institutions Placement (QIP) (Securities) in the course of one or more tranches, public or private offerings in domestic or one or more international markets, to investors (whether residents and / or non-residents and / or strategic investors and / or institutions or banks and / or incorporated bodies and / or trustees and / or stabilization agents or otherwise and irrespective of whether or not such investors are members or not) through a Placement Document and / or a circular and / or on private / preferential placement basis, at such price or prices, at a discount, equal to or at a premium to market price or prices, in such manner and where necessary in consultation with the lead managers and / or underwriters and / or other advisors or otherwise on such terms and conditions as the Company, may, in its absolute discretion, decide at the time of allotment. The relevant date for issuance of such securities is January 07, 2008 or such date as may be fixed in accordance with Chapter XIII A of the SEBI Guidelines.
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