HDFC Warrants (W3)-1.70 Crore Outstanding-Exercise Price Rs 2165; Expiry August 10 2023 During the previous year, the Corporation had issued 5,68,18,181 equity shares at a price of ` 1,760.00 per share and 36,930 secured redeemable non-convertible debentures of face value of ` 10,00,000 at par, each due on August 11, 2023, carrying a coupon rate of 5.40% payable annually, aggregating ` 3,693 Crore simultaneously with 1,70,57,400 warrants at an issue price of ` 180.00 per warrant with a right to exchange one warrant with one equity share of ` 2 each of the Corporation, any time before the expiry of 36 months from the date of allotment, at an exercise price of ` 2,165.00 per equity share, to eligible qualified institutional buyers through 4ualified Institutions Placement under Chapter 9I of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and other applicable regulations. Expenses incurred for issuance of equity share amounting to ` 22.34 Crore has been debited to securities premium account in accordance with the provisions of Companies Act, 2013 in financial year ended March 31, 2021. The net proceeds of the funds raised through the issue has been utilised to augment the long term resources of the Corporation, to maintain sufficient liquidity in the uncertain economic environment driven by the outbreak of the CO9ID-19 pandemic, for general corporate purposes and to finance organic and / or inorganic business opportunities that may arise in financial services including housing finance and/or in areas where the subsidiaries of the Corporation operate. 26.7 As at March 31, 2022, 8,27,34,888 shares (Previous Year 9,18,16,731 shares) were reserved for issuance as follows: a) 6,56,77,488 shares of ` 2 each (Previous <ear: 7,47,59,331 shares of ` 2 each) towards outstanding Employees Stock Options granted / available for grant, including lapsed options [Refer Note 38]. b) :arrants outstanding as on date is as undeb) :arrants outstanding as on date is as under: Particulars Current <ear Previous Year Final Final No. of Warrants outstanding at the beginning of the year 1,70,57,400 - Movement during the year (Refer Note 26.6) 1,70,57,400 No. of Warrants outstanding at the end of the year 1,70,57,400 1,70,57,400 26.8 The Corporation does not have Promoter, accordingly disclosure relating to shareholding of promoters is not applicable.
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