HDIL Bonus Issue Approved

HDIL Bonus Issue has been approved by the board in their meeting. Housing Development And Infrastructure Limited has informed the Exchange that the Board members, at their meeting held on May 21, 2008 has considered and approved following points subject to approval of the shareholders: 1) Payment of Final Dividend of Rs. 3/- per share. 2) Issue of Bonus Shares in the proportion of 2 (two) new equity shares for every 7 (seven) equity shares held.

HDIL Bonus Issue Ratio is 2:7 which means that 2 new bonus shares will be issued for every 7 equity shares held by the share holders of the company on or before the Record Date. HDIL Bonus Issue Record Date is not yet announced by the company, do check back later for more news on HDIL Bonus Issue.