Housing and Urban Development Corporation (HUDCO) has received approval from Committee of the Board to raise Rs 1,470 crore through Unsecured, Redeemable, Non-Convertible, Non-Cumulative Taxable Bonds in the nature of debentures face value of Rs 10,00,000 each on private placement basis.
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.
