PSU PRESS RELEASE
Govt invites bids from merchant bankers for HUDCO stake sale
NEW DELHI. The government has invited bids from merchant bankers to carry out 10 per cent stake sale in Housing and Urban Development Corporation Ltd.
The Department of Investment and Public Asset Management under the Ministry of Finance on Tuesday came out with a request for proposal (RFP).
“The government intends to disinvest 10 per cent paid-up equity share capital of HUDCO comprising of 20.01 crore shares with a face value of ₹10 each, out of its shareholding of 100 per cent, through an IPO in the domestic market,” it said
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