Housing Infra Stock: HUDCO shares in focus as firm to raise bonds worth Rs 2,842.50 crore
The Non-Cumulative NCDs include a base issue size of Rs. 700 crore and a green shoe option of Rs. 2,142.50 crore, with the total amount accounting to Rs 2,842.50 crore.
Housing Infra Stock: HUDCO shares in focus as firm to raise bonds worth Rs 2,842.50 crore
Shares of the housing finance and infra stock, HUDCO, will remain focused for investors as the board has approved the raising of bonds up to Rs 2,842.50 crore.
As per the filing stated, Housing and Urban Development Corporation Ltd’s board has approved the raising of bonds as unsecured, taxable, redeemable, non-convertible, non-cumulative NCDs of face value of Rs. 1,00,000 each (Series -F 2024) aggregating up to Rs. 2,842.50 crore on a private placement basis.
The Non-Cumulative NCDs include a base issue size of Rs. 700 crore and a green shoe option of Rs. 2,142.50 crore, with the total amount accounting to Rs 2,842.50 crore.
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Recently, the state-owned firm declared a second interim dividend of Rs 1.05 per equity share (10.50% on a face value of Rs 10) for the financial year 2024-25.
The board approved the dividend in its meeting on March 10, 2025. The record date for determining eligible shareholders has been set as March 14, 2025. The company stated that the dividend payment process will be completed within 30 days of declaration, subject to tax deductions.
Shares of the PSU company are trading lower by 0.98% at Rs 179.61 with dividend yield of 2.46%.
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