Hudco Plans To Raise Up To Rs 3,000 Crore Through Non-Convertible debentures

Housing and Urban Development Corp. plans to raise up to Rs 3,000 crore by issuing non-convertible debentures.

In a regulatory filing on Monday, the company informed that the Board of Directors had in April this year approved a proposal to raise up to Rs 65,000 crore through the issue of bonds/debentures in 2025-26.

The Bond Allotment Committee, in its meeting to be held on August 29, 2025, proposes to approve the issue/ allotment of unsecured, taxable, redeemable, non-convertible, non-cumulative NCDs of face value of Rs 1 lakh each, aggregating up to Rs 3,000 crore on a private placement basis.

Hudco is a premier techno-financing public sector enterprise in the field of housing and infrastructure development.

The company recently reported a 13% increase in its consolidated net profit to Rs 630.23 crore for the first quarter of this fiscal.

Its net profit stood at Rs 557.75 crore in the year-ago period.

The total income rose to Rs 2,945.47 crore in the April-June period of this fiscal compared to Rs 2,197.19 crore a year ago.

Hudco also declared its first interim dividend of Rs 1.15 per equity share for 2025-26.