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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
Wednesday, Apr 09
23:30 FOMC Minutes 3
Thursday, Apr 10
02:20 Fed's Hammack speech 2
03:00 Fed's Kashkari speech 2
04:31 RICS Housing Price Balance 1 2% 8% 11%
06:30 Consumer Inflation Expectations 2 4.2% 3.6%
15:30 RBA Governor Bullock speech 3
18:00 Initial Jobless Claims 4-week average 1 223K
18:00 Initial Jobless Claims 2 223K 219K
18:00 Continuing Jobless Claims 1 1.880M 1.903M
18:00 Building Permits (MoM) 1 -0.8% -3.2%
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