Board of Hindusthan Urban Infrastructure allots preference shares to HEIL

At meeting held on 12 December 2018

The Board of Hindusthan Urban Infrastructure at its meeting held on 12 December 2018 has issued and allotted 9,51,89,700, 1% Redeemable Non-Cumulative Non-Convertible Preference Shares (NCPS) of Rs. 10/- each at par to Hindusthan Engineering & Industries (HEIL) aggregating to Rs.95.18 crore on private placement basis. NCPS shall carry 1% dividend and redeemable at the end of 20 years from the date of issue and shall be redeemed at par of Rs. 10/- per NCPS.

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