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Wednesday, March 31, 2010

HDIL - Outcome of Board Meeting

Housing Development and Infrastructure Ltd has informed that the Board of Directors of the Company at its meeting held on March 31, 2010, has considered and approved the following matters:

1. To allot 130,00,000 equity shares to the Promoter against convertible warrants issued to him on July 02, 2009.

2. To make Investment in shares of BKC Developers Pvt. Ltd. thereby making it a subsidiary Company.

3. To accept request received from Mr. Kapil Wadhawan and Mr. Dheeraj Wadhawan to derecognize them as promoters of the Company subject to approval of the regulatory authorities.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Saturday, Jun 28
01:00 CFTC S&P 500 NC Net Positions 1 $-144.8K $-174.1K
01:00 CFTC Oil NC Net Positions 1 233K 231K
01:00 CFTC Gold NC Net Positions 1 $195.0K $200.6K
01:00 CFTC GBP NC Net Positions 1 £34.4K £42.9K
02:00 Bank Stress Test Results 3
Monday, Jun 30
06:30 ANZ Activity Outlook 1 34.8
06:30 ANZ Business Confidence 1 36.6
06:30 TD-MI Inflation Gauge (MoM) 1 -0.4%
06:30 TD-MI Inflation Gauge (YoY) 2 2.6%
07:00 Private Sector Credit (MoM) 1 0.7% 0.7%
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