HDFC Bank allots shares under ESOS
HDFC Bank allots shares under ESOS HDFC Bank informed that, the Investor Grievance (Share) Committee of the Bank at its meeting held on Sep. 25, 2007, approved allotment of 211,000 equity shares to the employees of the bank under the employees stock option scheme (ESOS). HDFC, on Monday reduced interest rates on floating housing loans by 0.50%.
>The reduction will be on fresh loans and applicable to all disbursements up to October 31.
However, there is no change in the fixed home loans rate, which remains at 13.25%.
Shares of the Bank gained Rs 9.85 , or 0.73%, to Rs 1356.1. The total volume of shares traded were 11,475 at the BSE.(12.26 pm,Tuesday).
