Hemisphere Properties India Ltd - Board Meeting Outcome for Outcome Of Board Meeting
(16 Apr 2025)
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| This is to inform that the Board of Directors of the Company at their Meeting held on Wednesday 16 April 2025 i.e. today interalia considered and approved allotment of 50000000(Five crore only) Cumulative Redeemable Preference shares (CRPS) of Rs 10 /- each (Tranche-3) at par aggregating to Rs.500000000/- only (Rupees Fifty Crore Only) on Private placement basis to the Promoter of Company i.e President of India acting through Ministry of Housing & Urban Affairs. The shares are unlisted and the pricing and terms relating to the issue of shares will remain consistent with prior disclosures.
Further in reference to our intimation dated 13.12.2024 on issuance of Request for Proposal (RFP) document for the sale of land parcels at village Bopkhel Pune Maharashtra an Amendment No. 1 to RFP document dated 13.12.2024 has been approved by the Board of Directors. The same shall be available on https://hpil.enivida.com & www.hpil.co.in. |