Status of Warrants exchanged into equity shares | 8/23/2012 8:28:14 PM Housing Development Finance Corporation Ltd has informed BSE that this is in continuation to company's disclosures on August 02, 2012, August 13, 2012 and August 17, 2012 wherein Company had informed to exchange that in Terms of Clause 5.2.1 of the Terms and Conditions of the Warrants in the Placement Document dated August 21, 2009, the Warrant holders would be entitled to exercise their right to exchange the Warrants into corresponding number of equity shares, up to 5 p.m. on August 24, 2012 in Mumbai (but in no event thereafter) (Warrant Exercise Period) and consequently, any Warrant not exercised on or before the said Warrant Exercise Period, will lapse and cease to be valid and amounts paid by the Warrant holder in that regard, will stand forfeited. Consequently, such Warrants will be extinguished by the Corporation, and no further claims shall lie against the Corporation after the said date.
Further, the Company has provide details of the Warrants which have been exchanged into equity shares/ outstanding, as on the said date, for your information. Particulars :Total Warrants issued No. of Warrants : 5,47,68,530 Percentage of warrants : 100.00 Amount (Rs. in Crores ) : 3,286.11 Particulars : Warrants received for exchange into equity shares and allotted up to August 23, 2012 No. of Warrants : 5,10,62,025 Percentage of warrants : 93.23 Amount (Rs. in Crores ) : 3.063.72 Particulars :Warrants received for exchange and under process as at August 23, 2012 No. of Warrants : 30,94,955 Percentage of warrants : 5.65 Amount (Rs. in Crores ) : 185.70 Particulars : Warrants outstanding as at August 23, 2012. No. of Warrants : 6,11,550 Percentage of warrants : 1.12 Amount (Rs. in Crores ) : 36.69 The Company once again reiterate that, Warrants not exchanged on or before the said Warrant Exercise Period viz, up to 5 p.m. on August 24, 2012 in Mumbai (but in no event thereafter), will lapse and cease to be valid and amounts paid by the Warrant holders in that regard, will stand forfeited. Consequently, such Warrants will be extinguished by the Corporation and no claim shall lie against the Corporation after the said date. -- CA. Rajesh Desai -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
