HDFC allots 10,014 equity shares under ESOS

New Delhi, Aug 4 (UNI) Housing Development Finance Corporation Ltd (HDFC), India's leading housing finance company, today said it has has allotted 10,014 equity shares of Rs 10 each, under its Employees Stock Option Schemes (ESOS).

Recently, the company had increased its interest rates by 50 basis points, following the Reserve Bank decision to hike the short term lending and borrowing rates by 0.25 per cent.

The floating rate for home loans has been raised from 9 per cent to 9.5 per cent, while the fixed rate will be 11 per cent from 10.5 per cent. The prime lending rate will now be 12.25 per cent from 11.75 per cent.

The new lending rates were effective from 1 August, 2006.

UNI RA DKS GC1852