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.
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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.
Andhra Pradesh, Hudco Enter Into Rs 11,000-Crore Loan Deal For Amaravati ConstructionEssential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.