CE-MAT 2025

HUDCO receives IFC status, shares gains over 1.6%

The amount of additional exposure that the company will get was not disclosed.

HUDCO receives IFC status, shares gains over 1.6%

State-owned Housing and Urban Development Corporation (HUDCO) Ltd. announced on Thursday that it has received the certificate of registration as an Infrastructure Finance Non-Banking Finance Company (NBFC) from the Reserve Bank of India.

The IFC status allows the company higher exposure limits for financing to various infrastructure sectors in addition to housing, HUDCO said in an exchange filing.

The amount of additional exposure that the company will get was not disclosed.

Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel CE-MAT 2025

Read Also : Andhra Pradesh Signs MoU with Infra Bank to Boost Amaravati Projects

Shares of HUDCO ended 1.7% higher on Thursday at Rs 294. The stock has risen 128% so far in 2024 and nearly 300% in the last 12 months.

Read Also : HAL Shares Dividend Update: Rs 15 Final Payout for FY25, Tax Compliance Deadline Announced

Note*: All the articles and given information on this page are information based and provided by other sources . For more read Terms & Conditions