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HUDCO shares

IREDA, Hudco's share price zooms up to 8% intraday; check details here

Shares of state owned Indian Renewable Energy Development Agency (IREDA) soared up to 7.7 per cent at Rs 199.35 per share on the BSE in Wednesday's intraday trade

IREDA, Hudco's share price zooms up to 8% intraday; check details here
Updated On : 26 Jun 2024 | 2:49 PM IST

HUDCO raises $200 mn from overseas lenders for its foray into loan market

Housing and Urban Development Corporation (HUDCO) has raised USD 200 million (JPY 30 billion) in its maiden foray into the syndicated loan market, its arranger said on Tuesday. The state-run body has raised the five-year money as part of its inaugural "social loan", Japan's Sumitomo Mitsui Banking Corporation (SMBC) said. The deal, led by SMBC's Singapore branch, saw an oversubscription with a total of nine lenders, and was upsized from its original launch size of JPY 15 billion to JPY 30 billion after exercising the greenshoe option, an official statement said. The inaugural social loan will enable further expansion of HUDCO's social housing platform to improve the quality of life for the Indian community and enhance infrastructure facilities in urban areas, the statement said. SMBC acted as the sole mandated lead arranger, book runner and social loan coordinator. "We look forward to expanding our reach to the underserved communities and strengthening the local community's access

HUDCO raises $200 mn from overseas lenders for its foray into loan market
Updated On : 18 Jun 2024 | 11:50 PM IST

HUDCO stock hits record high; zooms 15% on heavy volumes

HUDCO stock price update: HUDCO zoomed 15% on hopes of strong earnings growth going ahead. The stock has rallied 43% from its recent low.

HUDCO stock hits record high; zooms 15% on heavy volumes
Updated On : 26 Apr 2024 | 12:57 PM IST

HUDCO hits new peak, up 13% on Rs 14500 cr financing pact with Gujarat govt

Since November 1, the stock price of HUDCO has zoomed 74 per cent after Moody's Investors Service affirmed the Baa3 local- and foreign-currency issuer ratings of the company

HUDCO hits new peak, up 13% on Rs 14500 cr financing pact with Gujarat govt
Updated On : 28 Dec 2023 | 10:38 AM IST

HUDCO Q2 net profit rises 14% to Rs 451.69 cr on higher interest income

State-owned Housing and Urban Development Corporation Ltd (HUDCO) on Friday reported a 14 per cent rise in net profit to Rs 451.69 crore for the September quarter, mainly on account of higher interest income. The company had posted a net profit of Rs 396.35 crore in the July-September quarter of 2022-23. In a stock exchange filing, HUDCO posted a higher total income of Rs 1,880.85 crore during the second quarter of the current financial year as against Rs 1,746.87 crore in the year-ago period. HUDCO's interest income in the second quarter of 2023-24 stood at Rs 1,844 crore as against Rs 1,722.74 crore a year ago. In the first six months of the year, its profit stood at Rs 897.39 crore, up from Rs 808.11 crore in the comparable period of the last year. The company's shares closed 1.08 per cent higher at Rs 80.30 apiece on the BSE.

HUDCO Q2 net profit rises 14% to Rs 451.69 cr on higher interest income
Updated On : 10 Nov 2023 | 5:48 PM IST

Hudco's Rs 1,100 cr offer of share sale 95% covered, stock closed at Rs 80

The share sale received bids for about 133.6 million shares from institutional investors against a total of 140 million on offer

Hudco's Rs 1,100 cr offer of share sale 95% covered, stock closed at Rs 80
Updated On : 18 Oct 2023 | 11:11 PM IST

Hudco plunges 9% as govt begins partial stake sale via OFS at discount

The floor price for the sale, however, has been set at Rs 79 apiece, which is 12 per cent lower than Tuesday's closing price pf Rs 89.9 per share

Hudco plunges 9% as govt begins partial stake sale via OFS at discount
Updated On : 18 Oct 2023 | 10:04 AM IST

HUDCO hits 52-week high on stable outlook; stock up 40% so far in November

Moody's Investor Service expects the HUDCO's liquidity and funding to remain stable over the next 12-18 months because of its status as a government-owned company

HUDCO hits 52-week high on stable outlook; stock up 40% so far in November
Updated On : 23 Nov 2022 | 12:26 PM IST

Institutional buyers put in Rs 870 cr of bids for HUDCO share sale

Institutional investors on Tuesday placed bids worth over Rs 870 crore in the government's 8 per cent share sale in HUDCO. Institutional investors put in bids for over 19.40 crore shares against the base issue size of more than 9.90 crore shares. At the indicative price of Rs 45.03 apiece, the bids put in by institutional bidders are valued at over Rs 870 crore. "The OFS of HUDCO got good response on Day one. Issue subscribed nearly two times of base size by non-retail investors. Government has decided to exercise the green-shoe option, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey tweeted. The government is selling up to 8 per cent stake sale in HUDCO at a floor price of Rs 45 apiece. Bids would open for retail investors on Wednesday. The sale of over 16.01 crore shares, or a total of 8 per cent stake, would fetch around Rs 720 crore to the exchequer. The OFS comprises a base issue size of 5 per cent stake or over 11.01 crore shares, w

Institutional buyers put in Rs 870 cr of bids for HUDCO share sale
Updated On : 28 Jul 2021 | 12:37 AM IST

Institutional bidders lap up govt's offer for sale of HUDCO shares

Bidding will continue till close of the market hours

Institutional bidders lap up govt's offer for sale of HUDCO shares
Updated On : 27 Jul 2021 | 3:12 PM IST

Fitch revises HUDCO's outlook to negative from stable; IDRs at 'BBB-'

Fitch said it has not assigned HUDCO a standalone credit profile as it is difficult to detach the entity from the government framework in which it operates

Fitch revises HUDCO's outlook to negative from stable; IDRs at 'BBB-'
Updated On : 24 Jun 2020 | 7:08 PM IST

Hudco slides 9% as two borrowing entities default on repayment dues

Last month Moody's Investor Service had downgraded the company's outlook to 'negative' along with 5 other financial companies including State bank of India, HDFC Bank, and Export-Import Bank of India

Hudco slides 9% as two borrowing entities default on repayment dues
Updated On : 05 Dec 2019 | 10:05 AM IST

HUDCO to list shares on May 19

The price band for the offer, open from May 8-11, was set at Rs 56-60 a share

HUDCO to list shares on May 19
Updated On : 16 May 2017 | 12:20 AM IST

HUDCO shares to go live on BSE from May 19

HUDCO recently raised over Rs 1,120 crore as a part of its IPO

HUDCO shares to go live on BSE from May 19
Updated On : 15 May 2017 | 9:08 PM IST