HUDCO to Raise up to Rs 1,711 Crore Via Tax Free Bonds

New Delhi: State-owned HUDCO today said it plans to raise up to Rs 1,711 crore through issue of tax freebonds mainly to finance the projects related to housing for EWS/LIG categories. Housing and Urban Development Corporation (HUDCO) is issuing tax free bonds with a face value of Rs 1,000 each in the nature of tax free, secured, redeemable, non-convertible debentures, aggregating to Rs 500 crore, with an option to retain over-subscr...