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HUDCO soars on planning to raise funds up to Rs 28,000 crore

26 Feb 2020 Evaluate

Housing & Urban Development Corporation is currently trading at Rs. 31.80, up by 0.20 points or 0.63% from its previous closing of Rs. 31.60 on the BSE.

The scrip opened at Rs. 30.75 and has touched a high and low of Rs. 32.35 and Rs. 30.75 respectively. So far 35826 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 47.70 on 06-Mar-2019 and a 52 week low of Rs. 28.70 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 34.40 and Rs. 30.75 respectively. The current market cap of the company is Rs. 6386.06 crore.

The promoters holding in the company stood at 89.81%, while Institutions and Non-Institutions held 3.00% and 7.19% respectively.

Housing and Urban Development Corporation (HUDCO) is planning to raise funds through issue of bonds/ debentures (including Tax-free bonds, capital gain bonds, GoI fully serviced bonds, zero coupon bonds, deep discount bonds, subordinated bonds, inflation indexed bonds or bonds/ debentures of any nomenclature), as may be permitted by the regulatory authorities from time to time during the financial year 2020-21 up to a maximum of Rs 28,000 crore. The meeting of the Board of Directors of the company is scheduled to be held on February 28, 2020, to consider 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.

Housing & Urban Dev. Share Price

200.40 3.40 (1.73%)
20-Apr-2026 10:43 View Price Chart
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