The board of directors of Housing Development (Q, N,C,F)* & Infrastructure (HDIL) through its finance committee meeting has made the allotment of 61,220,595 equity shares as bonus to the shareholders who are registered as members as on record date i.e. Aug. 22, 2008.
The company is in the process of crediting the shares to the shareholders and it will be credited within two weeks time.
Housing Development and Infrastructure is a Mumbai-based company primarily engaged in the development of residential, commercial, retail properties and is also involved in the slum rehabilitation scheme.
Shares of the company declined Rs 4.3, or 1.44%, to trade at Rs 294.9. The total volume of shares traded was 252,649 at the BSE (11.31 a.m., Wednesday).
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