Hudco To Raise Rs 2,190 Crore Via Debentures, Shares React

Shares of Housing & Urban Development Corporation Ltd (HUDCO) slipped complete 3.5% successful nan day convention connected Tuesday moreover arsenic nan financial institution said its committee has approved raising of Rs 2,190 crore via debentures. HUDCO shares slipped 3.63% to Rs 220.65 connected BSE against nan erstwhile adjacent of Rs 228.95 connected BSE. HUDCO saw a turnover of Rs 6.20 crore connected Tuesday arsenic 2.77 lakh shares changed hands connected BSE. HUDCO’s marketplace headdress fell to Rs 44,171 crore.

The banal has gained 300% successful 2 years and risen 551% since nan opening of this year. 

"This is to pass that nan ‘Bond Allotment Committee’ successful their gathering held coming i.e., o8t
May 2025, has approved nan raising of Debentures arsenic Unsecured, Taxable, Redeemable, Non-Convertible, NonCumulative NCDs of look worth of Rs. 1,00,000 each (Series-B 2025) aggregating upto Rs. 2,190.00 Crore connected Private Placement basis," said HUDCO.  

The guidelines size of nan rumor is Rs 500 crore pinch a greenish footwear action of Rs 1,690 crore. 

HUDCO said these bonds were redeemable astatine par astatine nan extremity of 5th twelvemonth and liking costs connected yearly basis.

Coupon complaint for nan debentures will beryllium paid astatine a complaint of 6.90%. Schedule of costs of liking and main is May 08, 2026, May 08, 2027, May 06, 2028, May 06, 2029 and May 06, 2030, said HUDCO.

The banal has fallen 37.55% from its 52-week precocious of Rs 353.95 reached connected July 12, 2024. It fell to a 52-week debased of Rs 158.90 connected March 3, 2024. The banal has a beta of 1.9, indicating very precocious volatility successful a year. 

In position of technicals, nan comparative spot scale (RSI) of HUDCO stands astatine 60.8, signaling it's trading neither successful nan oversold nor successful nan overbought territory. 

HUDCO provides semipermanent finance for building of houses for residential purposes and undertakes lodging and municipality improvement programmes successful nan country.

Published on: May 6, 2025 1:02 PM IST