HUDCO to Raise Rs 3,000 Crore via Non-Convertible Debentures
HUDCO is set to raise up to Rs 3,000 crore through non-convertible debentures. The Bond Allotment Committee has greenlit the plan to issue these debentures to support housing and urban infrastructure projects. This strategic move highlights HUDCO's ongoing commitment to urban development.
- Country:
- India
Housing and Urban Development Corporation Ltd (HUDCO) announced on Thursday its intention to raise up to Rs 3,000 crore through the issuance of non-convertible debentures.
A regulatory filing confirmed that HUDCO's 'Bond Allotment Committee' has sanctioned this capital-raising initiative, targeting a total of Rs 3,000 crore.
HUDCO, a major player in financing housing and urban infrastructure projects, continues to support urban development with this financial strategy.
(With inputs from agencies.)
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