Institutional investors have placed bids worth over Rs 870 crore in the government's 8 per cent share sale in HUDCO. Institutional investors put in bids for over 19.40 crore shares against the base issue size of more than 9.90 crore shares. At the indicative price of Rs 45.03 apiece, the bids put in by institutional bidders are valued at over Rs 870 crore.
Housing and Urban Development Corporation (HUDCO) is a listed public limited company (Government of India undertaking) domiciled in India.