HUDCO to raise up to ₹750 cr via NCDs
New Delhi: The Housing & Urban Development Corporation (HUDCO) on Friday approved a proposal to raise up to ₹750 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis.
The debentures will be unsecured, taxable, redeemable, non-convertible, and non-cumulative, with a face value of ₹1,00,000 each.
According to an exchange filing, the ‘Bond Allotment Committee’, in its meeting held on June 6, 2025, cleared the proposal to raise funds via Series-C 2025 NCDs, with a base size of ₹500 crore and a green shoe option of ₹250 crore, offering HUDCO flexibility to expand the issue depending on investor appetite.
"This is to inform that the 'Bond Allotment Committee' in their meeting held today i.e., June 6, 2025, has approved the raising of Debentures as Unsecured, Taxable, Redeemable, Non-Convertible, Non-Cumulative NCDs of face value of ₹1,00,000 each (Series-C 2025) aggregating up to ₹750.00 crore on Private Placement basis," the company stated in the filing.
The announcement lifted investor sentiment, with HUDCO’s shares rising 2.58% to hit a day high of ₹248.15.
At last count, the stock was trading 1.82% higher at ₹246.30. Over the past month, HUDCO’s share price has rallied 13.03%.
On the BSE, around 5.98 lakh shares changed hands during the day—slightly lower than the two-week average volume of 6.31 lakh shares.
The turnover stood at ₹14.66 crore, while the company’s market capitalisation was pegged at ₹49,336.83 crore.
As of March 2025, the Government of India holds a 75% stake in the state-owned housing finance company.
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