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The latest announcement is out from Housing & Urban Development Corp. Ltd. ( (IN:HUDCO) ).
Housing & Urban Development Corporation Limited has announced the approval of raising unsecured, taxable, redeemable, non-convertible, non-cumulative debentures (NCDs) with a face value of Rs. 1,00,000 each, amounting to Rs. 1905 crore on a private placement basis. This strategic financial move, approved by the Bond Allotment Committee, is aimed at bolstering the company’s financial resources, potentially enhancing its capacity to finance more housing and urban development projects, thereby strengthening its market position.
More about Housing & Urban Development Corp. Ltd.
Housing & Urban Development Corporation Limited (HUDCO) is a government-owned company in India, primarily engaged in financing housing and urban infrastructure projects. It operates within the public sector and is recognized for its contributions to urban development and housing finance, playing a crucial role in supporting the government’s initiatives for urban infrastructure growth.
Average Trading Volume: 372,628
Technical Sentiment Signal: Hold
Current Market Cap: 427.4B INR
For detailed information about HUDCO stock, go to TipRanks’ Stock Analysis page.