HUDCO shares surges as Board approves fund raising of Rs 750 crore
The Bonds are redeemable at par at the end of third Year and interest payment on yearly basis.
State-owned Housing and Urban Development Corporation (HUDCO) shares are increased by 1.66% as the board has approved the raising of debentures aggregating up to Rs 750.00 crore.
This is to inform that the ‘Bond Allotment Committee’ in their meeting held today i.e., 06th June 2025, has approved the raising of Debentures as Unsecured, Taxable, Redeemable, Non-Convertible, Non- Cumulative NCDs of face value of Rs. 1,00,000 each (Series-C 2025) aggregating up to Rs. 750.00 Crore on Private Placement basis, as per the exchange filing.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
The Bonds are redeemable at par at the end of third Year and interest payment on yearly basis. The coupon rate of the bonds is 6.52% and Schedule of Payment of Interest and principal: June 06, 2026, June 06, 2027, June 06, 2028.
The Base issue size is of Rs 500 crore. The Green shoe option is Rs 250 crore and total issue size is Rs 750 crore.
Shares of HUDCO are closed at Rs 245.95, up by 1.66%. The stock has surged over by 12.85% in last one month. The 52-week high is at Rs 353.70.
Read Also : RBI approves Pralay Mondal's reappointment as MD & CEO of CSB Bank