The Board of Hindusthan Urban Infrastructure at its meeting held on 12 December 2018 has issued and allotted 9,51,89,700, 1% Redeemable Non-Cumulative Non-Convertible Preference Shares (NCPS) of Rs. 10/- each at par to Hindusthan Engineering & Industries (HEIL) aggregating to Rs.95.18 crore on private placement basis. NCPS shall carry 1% dividend and redeemable at the end of 20 years from the date of issue and shall be redeemed at par of Rs. 10/- per NCPS.
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