Categories: Financial Results

HUDCO planning to raise funds up to Rs 500 crore on private placement basis

Mumbai, November 05, 2017: Housing and Urban Development Corporation (HUDCO) is planning to issue/allotment of Unsecured, Non-Convertible Bonds in the nature of debentures of up to Rs 500 crore plus Green Shoe option to retain over subscription on private placement basis. The Sub-Committee of Board in its meeting proposed to be held on November 07, 2017 proposes to approve the same.

HUDCO finances social housing and residential real estate through primarily lending to State Governments and their agencies, which, in turn, extend the finance to or utilise the finance for the ultimate individual beneficiaries.
United News Of India

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