Housing & Urban Dev.
New to Zerodha? Sign-up for free.
New to Zerodha? Sign-up for free.
Get instant stock alerts
- Share Price
- Financials
- Revenue mix
- Shareholdings
- Peers
- Forensics
Share Price
Coming soon
- 5D
- 1M
- 6M
- YTD
- 1Y
- 5Y
- MAX
Financials
-
Summary
-
Profit & Loss
-
Balance sheet
-
Cashflow
This data is currently unavailable for this company.
| (In Cr.) |
|---|
| (In Cr.) | ||||
|---|---|---|---|---|
|
This data is currently unavailable for this company. |
| (In %) |
|---|
| (In Cr.) |
|---|
| Financial Year (In Cr.) |
|---|
Revenue mix
-
Product wise
-
Location wise
Revenue Mix
This data is currently unavailable for this company.
Revenue Mix
This data is currently unavailable for this company.
Forensics
Recent events
-
News
-
Corporate Actions
HUDCO, the state-owned infrastructure financier, signed a memorandum of understanding with the Bihar government on July 3, 2026, to provide term loans of up to ₹1,00,000 crore over five years for urban infrastructure and land acquisition. The accord, signed in Patna by CMD Sanjay Kulshrestha and Principal Secretary Vinay Kumar, aims to facilitate planning and financing of proposed greenfield satellite cities. Loans will be drawn in tranches by a state-designated statutory authority, with flexible terms including a moratorium and repayment period of up to 25 years. The MoU is valid for three years subject to annual review, and separate operational agreements will detail individual projects. This follows a similar ₹1 lakh crore framework MoU that HUDCO signed with Gujarat in June.
Powered by Tijori
HUDCO, the state-owned infrastructure financier, signed a memorandum of understanding with the Bihar government on July 3, 2026, to provide term loans of up to ₹1,00,000 crore over five years for urban infrastructure and land acquisition. The accord, signed in Patna by CMD Sanjay Kulshrestha and Principal Secretary Vinay Kumar, aims to facilitate planning and financing of proposed greenfield satellite cities. Loans will be drawn in tranches by a state-designated statutory authority, with flexible terms including a moratorium and repayment period of up to 25 years. The MoU is valid for three years subject to annual review, and separate operational agreements will detail individual projects. This follows a similar ₹1 lakh crore framework MoU that HUDCO signed with Gujarat in June.
Powered by Tijori
July 3 (Reuters) - India's Housing and Urban Development Corporation (HUDCO) HUDC.NS on Friday signed a preliminary agreement with Bihar to provide up to 1 trillion rupees ($10.50 billion) in loans for urban infrastructure projects, in one of the country's largest state-level infrastructure financing deals.
Here are some details:
The loans will be extended to the eastern state over a five-year period
HUDCO will provide the loan in tranches to the statutory authority of Bihar, and it will be used for urban infrastructure projects, including land acquisition
The memorandum of understanding also enables HUDCO to plan, develop, and finance greenfield satellite cities in the state
The funds will be provided to the state with a flexible repayment schedule of up to 25 years
($1 = 95.2100 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru; Editing by Eileen Soreng)
(([email protected]; +91 8697274436;))
July 3 (Reuters) - India's Housing and Urban Development Corporation (HUDCO) HUDC.NS on Friday signed a preliminary agreement with Bihar to provide up to 1 trillion rupees ($10.50 billion) in loans for urban infrastructure projects, in one of the country's largest state-level infrastructure financing deals.
Here are some details:
The loans will be extended to the eastern state over a five-year period
HUDCO will provide the loan in tranches to the statutory authority of Bihar, and it will be used for urban infrastructure projects, including land acquisition
The memorandum of understanding also enables HUDCO to plan, develop, and finance greenfield satellite cities in the state
The funds will be provided to the state with a flexible repayment schedule of up to 25 years
($1 = 95.2100 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru; Editing by Eileen Soreng)
(([email protected]; +91 8697274436;))
Housing and Urban Development Corporation (HUDCO) reported provisional loan sanctions of ₹65,485 crore for the quarter ended June 30, 2026, nearly double the ₹33,904 crore approved in the same period a year earlier. Loan disbursements rose 28% to ₹16,377 crore, according to an exchange filing on Monday. The quarterly sanctions already represent about 40% of the ₹1.65 lakh crore recorded in the entire previous financial year. The sharp acceleration follows a memorandum of understanding signed in June with the Gujarat government to extend up to ₹1 lakh crore in infrastructure loans over two years, and underscores the state-owned financier’s push to capitalise on rising urban infrastructure demand.
Powered by Tijori
Housing and Urban Development Corporation (HUDCO) reported provisional loan sanctions of ₹65,485 crore for the quarter ended June 30, 2026, nearly double the ₹33,904 crore approved in the same period a year earlier. Loan disbursements rose 28% to ₹16,377 crore, according to an exchange filing on Monday. The quarterly sanctions already represent about 40% of the ₹1.65 lakh crore recorded in the entire previous financial year. The sharp acceleration follows a memorandum of understanding signed in June with the Gujarat government to extend up to ₹1 lakh crore in infrastructure loans over two years, and underscores the state-owned financier’s push to capitalise on rising urban infrastructure demand.
Powered by Tijori
June 30 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
LOAN DISBURSEMENTS AT JUNE-END AT 163.77 BILLION RUPEES
Source text: ID:nBSE9srQYL
Further company coverage: HUDC.NS
(([email protected];))
June 30 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
LOAN DISBURSEMENTS AT JUNE-END AT 163.77 BILLION RUPEES
Source text: ID:nBSE9srQYL
Further company coverage: HUDC.NS
(([email protected];))
HUDCO, the government-owned infrastructure financier, signed a memorandum of understanding with the Gujarat government on June 17 to provide up to ₹1 lakh crore in loans for infrastructure projects across the state over the next two years. The MoU, inked at Gandhinagar by CMD Sanjay Kulshrestha and state finance secretary Sandeep Kumar, covers a range of unnamed projects and includes flexible repayment terms including a moratorium period. The Gujarat government has agreed to facilitate necessary clearances and approvals. The pact is effective from May 2026 and runs for two years. Actual lending will depend on project identification and HUDCO's internal norms.
Powered by Tijori
HUDCO, the government-owned infrastructure financier, signed a memorandum of understanding with the Gujarat government on June 17 to provide up to ₹1 lakh crore in loans for infrastructure projects across the state over the next two years. The MoU, inked at Gandhinagar by CMD Sanjay Kulshrestha and state finance secretary Sandeep Kumar, covers a range of unnamed projects and includes flexible repayment terms including a moratorium period. The Gujarat government has agreed to facilitate necessary clearances and approvals. The pact is effective from May 2026 and runs for two years. Actual lending will depend on project identification and HUDCO's internal norms.
Powered by Tijori
MUMBAI, June 16 (Reuters) - India's Housing and Urban Development Corporation HUDC.NS has accepted bids worth 21.40 billion rupees ($226.05 million) in a sale of bonds maturing in three years and one month, three bankers said on Tuesday.
It will pay a coupon of 7.23% and had invited commitment bids for the issue earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 16:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 3 years and 1 month | 7.23 | 21.40 | June 16 | AAA (Icra, Care) |
SIDBI | 5 years | 7.40 | 60 | June 16 | AAA(Care, Crisil) |
Jio Credit | 5 years | 8.15 | 15 | June 15 | AAA (Crisil, Care) |
Aditya Birla Capital | 5 years | 8.26 | 5 | June 15 | AAA (Crisil) |
Aditya Birla Capital Sept 2029 reissue | 3 years and 3 months | 8.07 (yield) | 6.3 | June 15 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 94.6700 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, June 16 (Reuters) - India's Housing and Urban Development Corporation HUDC.NS has accepted bids worth 21.40 billion rupees ($226.05 million) in a sale of bonds maturing in three years and one month, three bankers said on Tuesday.
It will pay a coupon of 7.23% and had invited commitment bids for the issue earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 16:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 3 years and 1 month | 7.23 | 21.40 | June 16 | AAA (Icra, Care) |
SIDBI | 5 years | 7.40 | 60 | June 16 | AAA(Care, Crisil) |
Jio Credit | 5 years | 8.15 | 15 | June 15 | AAA (Crisil, Care) |
Aditya Birla Capital | 5 years | 8.26 | 5 | June 15 | AAA (Crisil) |
Aditya Birla Capital Sept 2029 reissue | 3 years and 3 months | 8.07 (yield) | 6.3 | June 15 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 94.6700 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, June 15 (Reuters) - India's Housing and Urban Development Corporation HUDC.NS plans to raise up to 30 billion rupees ($316.84 million), including a greenshoe option of 25 billion rupees, through a sale of bonds maturing in three years and one month, three bankers said on Monday.
It has invited coupon and commitment bids for the issue on Tuesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 3 years and 1 month | To be decided | 5+25 | June 16 | AAA (Icra, Care) |
L&T Finance | 3 years | 8.12 | 15 | June 12 | AAA (Crisil, Care) |
Sundaram Finance | 3 years and 2 months | 7.95 | 12.60 | June 12 | AAA (Crisil) |
LIC Housing | 5 years | 7.59 | 11.50 | June 12 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 94.6850 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, June 15 (Reuters) - India's Housing and Urban Development Corporation HUDC.NS plans to raise up to 30 billion rupees ($316.84 million), including a greenshoe option of 25 billion rupees, through a sale of bonds maturing in three years and one month, three bankers said on Monday.
It has invited coupon and commitment bids for the issue on Tuesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 3 years and 1 month | To be decided | 5+25 | June 16 | AAA (Icra, Care) |
L&T Finance | 3 years | 8.12 | 15 | June 12 | AAA (Crisil, Care) |
Sundaram Finance | 3 years and 2 months | 7.95 | 12.60 | June 12 | AAA (Crisil) |
LIC Housing | 5 years | 7.59 | 11.50 | June 12 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 94.6850 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
May 14 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
HUDCO MARCH-QUARTER CONSOL PROFIT 19.81 BILLION RUPEES
HUDCO MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 35.63 BILLION RUPEES
HUDCO - RECOMMENDS FINAL DIVIDEND OF 1.50 RUPEE PER SHARE
Source text: ID:nnAZN4SW855
Further company coverage: HUDC.NS
(([email protected];;))
May 14 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
HUDCO MARCH-QUARTER CONSOL PROFIT 19.81 BILLION RUPEES
HUDCO MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 35.63 BILLION RUPEES
HUDCO - RECOMMENDS FINAL DIVIDEND OF 1.50 RUPEE PER SHARE
Source text: ID:nnAZN4SW855
Further company coverage: HUDC.NS
(([email protected];;))
March 31 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
HUDCO - FY2025-26 LOAN SANCTIONS AT 1.65 TRILLION RUPEES, UP 28.8% YEAR-ON-YEAR
HUDCO - FY2025-26 LOAN DISBURSEMENTS AT 511.94 BILLION RUPEES, UP 27.9% YEAR-ON-YEAR
Source text: ID:nNSEbMG9Jf
Further company coverage: HUDC.NS
(([email protected];))
March 31 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
HUDCO - FY2025-26 LOAN SANCTIONS AT 1.65 TRILLION RUPEES, UP 28.8% YEAR-ON-YEAR
HUDCO - FY2025-26 LOAN DISBURSEMENTS AT 511.94 BILLION RUPEES, UP 27.9% YEAR-ON-YEAR
Source text: ID:nNSEbMG9Jf
Further company coverage: HUDC.NS
(([email protected];))
March 23 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
ANNUAL BORROWING PLAN / PROGRAMME OF AMOUNT UPTO 700 BILLION RUPEES FOR FY 2026-27
DIVIDEND OF 1.25 RUPEES PER SHARE
Source text: ID:nBSE5076Zt
Further company coverage: HUDC.NS
(([email protected];))
March 23 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
ANNUAL BORROWING PLAN / PROGRAMME OF AMOUNT UPTO 700 BILLION RUPEES FOR FY 2026-27
DIVIDEND OF 1.25 RUPEES PER SHARE
Source text: ID:nBSE5076Zt
Further company coverage: HUDC.NS
(([email protected];))
Feb 13 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
TO RAISE 14.42 BILLION RUPEES THROUGH DEBENTURES
DEBENTURE ISSUE BASE SIZE 5 BILLION RUPEES, WITH GREEN SHOE OPTION OF 9.42 BILLION RUPEES
Source text: ID:nBSE5mjDSl
Further company coverage: HUDC.NS
(([email protected];;))
Feb 13 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
TO RAISE 14.42 BILLION RUPEES THROUGH DEBENTURES
DEBENTURE ISSUE BASE SIZE 5 BILLION RUPEES, WITH GREEN SHOE OPTION OF 9.42 BILLION RUPEES
Source text: ID:nBSE5mjDSl
Further company coverage: HUDC.NS
(([email protected];;))
MUMBAI, Feb 11 (Reuters) - India's Housing and Urban Development Corp (HUDCO) HUDC.NS accepts bids worth 14.42 billion rupees ($159.06 million) for the sale of perpetual bonds, three bankers said on Wednesday.
The company will pay a coupon of 7.87%, and had invited commitment bids from bankers and investors earlier in the day, they said.
The bonds will have a call option at the end of 10 years, and the coupon would be stepped up by 50 basis points, if the call is not exercised.
HUDCO did not reply to a Reuters' email seeking comment.
Here is the list of deals reported so far on February 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | perpetual | 7.87 | 14.42 | February 11 | AAA (Care, Acuite) |
* Size includes base plus greenshoe for some issues
($1 = 90.6600 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia)
MUMBAI, Feb 11 (Reuters) - India's Housing and Urban Development Corp (HUDCO) HUDC.NS accepts bids worth 14.42 billion rupees ($159.06 million) for the sale of perpetual bonds, three bankers said on Wednesday.
The company will pay a coupon of 7.87%, and had invited commitment bids from bankers and investors earlier in the day, they said.
The bonds will have a call option at the end of 10 years, and the coupon would be stepped up by 50 basis points, if the call is not exercised.
HUDCO did not reply to a Reuters' email seeking comment.
Here is the list of deals reported so far on February 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | perpetual | 7.87 | 14.42 | February 11 | AAA (Care, Acuite) |
* Size includes base plus greenshoe for some issues
($1 = 90.6600 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia)
MUMBAI, Feb 10 (Reuters) - India's Housing and Urban Development Corp (HUDCO) HUDC.NS plans to raise 15 billion rupees ($165.46 million), which includes 10 billion rupees of a greenshoe option through sale of perpetual bonds, three bankers said on Tuesday.
The company has invited coupon and commitment bids from bankers and investors on Wednesday, they said.
The bonds will have a call option at the end of 10 years, and the coupon would be stepped up by 50 basis points, if the call is not exercised.
HUDCO did not reply to a Reuters' email seeking comment.
Here is the list of deals reported so far on February 10:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | Perpetual | To be decided | 5+10 | February 11 | AAA (Care, Acuite) |
* Size includes base plus greenshoe for some issues
($1 = 90.6570 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
MUMBAI, Feb 10 (Reuters) - India's Housing and Urban Development Corp (HUDCO) HUDC.NS plans to raise 15 billion rupees ($165.46 million), which includes 10 billion rupees of a greenshoe option through sale of perpetual bonds, three bankers said on Tuesday.
The company has invited coupon and commitment bids from bankers and investors on Wednesday, they said.
The bonds will have a call option at the end of 10 years, and the coupon would be stepped up by 50 basis points, if the call is not exercised.
HUDCO did not reply to a Reuters' email seeking comment.
Here is the list of deals reported so far on February 10:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | Perpetual | To be decided | 5+10 | February 11 | AAA (Care, Acuite) |
* Size includes base plus greenshoe for some issues
($1 = 90.6570 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
Feb 9 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
HUDCO - TO CONSIDER ISSUE OF NCDS ON FEB 13
Source text: ID:nBSElNRV2
Further company coverage: HUDC.NS
(([email protected];;))
Feb 9 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
HUDCO - TO CONSIDER ISSUE OF NCDS ON FEB 13
Source text: ID:nBSElNRV2
Further company coverage: HUDC.NS
(([email protected];;))
Jan 7 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
SIGNS MOU WITH GOVERNMENT OF CHHATTISGARH
TO PROVIDE UP TO 1 TRILLION RUPEES FOR PROJECTS IN CHHATTISGARH
Source text: ID:nBSE3wB5J6
Further company coverage: HUDC.NS
(([email protected];))
Jan 7 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
SIGNS MOU WITH GOVERNMENT OF CHHATTISGARH
TO PROVIDE UP TO 1 TRILLION RUPEES FOR PROJECTS IN CHHATTISGARH
Source text: ID:nBSE3wB5J6
Further company coverage: HUDC.NS
(([email protected];))
Dec 31 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
PROVISIONAL Q3 FY 2025-26 LOAN SANCTIONS OF 461.67 BILLION RUPEES
Q3 LOAN DISBURSEMENTS OF 155.08 BILLION RUPEES
Source text: ID:nNSE8NxjV7
Further company coverage: HUDC.NS
(([email protected];;))
Dec 31 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
PROVISIONAL Q3 FY 2025-26 LOAN SANCTIONS OF 461.67 BILLION RUPEES
Q3 LOAN DISBURSEMENTS OF 155.08 BILLION RUPEES
Source text: ID:nNSE8NxjV7
Further company coverage: HUDC.NS
(([email protected];;))
Dec 12 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
HUDCO - APPROVED RAISING OF DEBENTURES UPTO 19.05 BILLION RUPEES
HUDCO - NCD ISSUE WITH GREEN SHOE OPTION OF 14.05 BILLION RUPEES
Source text: ID:nBSE93NM51
Further company coverage: HUDC.NS
(([email protected];))
Dec 12 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
HUDCO - APPROVED RAISING OF DEBENTURES UPTO 19.05 BILLION RUPEES
HUDCO - NCD ISSUE WITH GREEN SHOE OPTION OF 14.05 BILLION RUPEES
Source text: ID:nBSE93NM51
Further company coverage: HUDC.NS
(([email protected];))
Sept 19 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
HOUSING AND URBAN DEVELOPMENT CORPORATION - SIGNS MOU WITH NBCC IN NEW DELHI
Source text: ID:nBSE67cV3X
Further company coverage: HUDC.NS
(([email protected];;))
Sept 19 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
HOUSING AND URBAN DEVELOPMENT CORPORATION - SIGNS MOU WITH NBCC IN NEW DELHI
Source text: ID:nBSE67cV3X
Further company coverage: HUDC.NS
(([email protected];;))
MUMBAI, Aug 26 (Reuters) - India's Housing and Urban Development Corp HUDC.NS has withdrawn its planned 3-year bond issue, three bankers said on Tuesday.
The company had planned to raise 30 billion rupees ($341.7 million) through the issue and had invited coupon and commitment bids earlier in the day, they said.
HUDCO did not immediately reply to a Reuters email seeking comment.
"Had HUDCO taken the full 30 billion rupees, the cutoff would have been 6.88%," one of the banker said.
($1 = 87.5060 Indian rupees)
(Reporting by Khushi Malhotra)
MUMBAI, Aug 26 (Reuters) - India's Housing and Urban Development Corp HUDC.NS has withdrawn its planned 3-year bond issue, three bankers said on Tuesday.
The company had planned to raise 30 billion rupees ($341.7 million) through the issue and had invited coupon and commitment bids earlier in the day, they said.
HUDCO did not immediately reply to a Reuters email seeking comment.
"Had HUDCO taken the full 30 billion rupees, the cutoff would have been 6.88%," one of the banker said.
($1 = 87.5060 Indian rupees)
(Reporting by Khushi Malhotra)
MUMBAI, Aug 22 (Reuters) - India's Housing and Urban Development Corp HUDC.NS (HUDCO) plans to raise 30 billion rupees ($342.75 million), including a greenshoe option of 25 billion rupees, selling bonds maturing in three years, three bankers said on Friday.
The company has invited coupon and commitment bids from bankers and investors on Tuesday, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on August 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 3 years | To be decided | 5+25 | August 26 | AAA (Icra, India Ratings) |
Poonawalla Fincorp | 2 years and 6 months | 7.52 | 5 | August 22 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.5262 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, Aug 22 (Reuters) - India's Housing and Urban Development Corp HUDC.NS (HUDCO) plans to raise 30 billion rupees ($342.75 million), including a greenshoe option of 25 billion rupees, selling bonds maturing in three years, three bankers said on Friday.
The company has invited coupon and commitment bids from bankers and investors on Tuesday, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on August 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 3 years | To be decided | 5+25 | August 26 | AAA (Icra, India Ratings) |
Poonawalla Fincorp | 2 years and 6 months | 7.52 | 5 | August 22 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.5262 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
Aug 6 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
HUDCO - DIVIDEND OF 1.15 RUPEES PER SHARE
Source text: ID:nnAZN4BNYXW
Further company coverage: HUDC.NS
(([email protected];))
Aug 6 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
HUDCO - DIVIDEND OF 1.15 RUPEES PER SHARE
Source text: ID:nnAZN4BNYXW
Further company coverage: HUDC.NS
(([email protected];))
July 17 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
APPROVED RAISING UP TO 30 BILLION RUPEES VIA NCDS
Source text: ID:nnAZN473EJ3
Further company coverage: HUDC.NS
(([email protected];;))
July 17 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
APPROVED RAISING UP TO 30 BILLION RUPEES VIA NCDS
Source text: ID:nnAZN473EJ3
Further company coverage: HUDC.NS
(([email protected];;))
MUMBAI, July 15 (Reuters) - India's Housing and Urban Development Corp HUDC.NS (HUDCO) has accepted bids worth 30 billion rupees ($349.74 million) for bonds maturing in three years, three bankers said on Tuesday.
The company will pay an annual coupon of 6.64% and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on July 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 3 years | 6.64 | 30 | July 15 | AAA (Icra, India Ratings) |
Bajaj Housing Finance | 3 years | 6.97 | 5+5 | July 16 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.7770 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Harikrishnan Nair)
MUMBAI, July 15 (Reuters) - India's Housing and Urban Development Corp HUDC.NS (HUDCO) has accepted bids worth 30 billion rupees ($349.74 million) for bonds maturing in three years, three bankers said on Tuesday.
The company will pay an annual coupon of 6.64% and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on July 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 3 years | 6.64 | 30 | July 15 | AAA (Icra, India Ratings) |
Bajaj Housing Finance | 3 years | 6.97 | 5+5 | July 16 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.7770 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Harikrishnan Nair)
MUMBAI, June 4 (Reuters) - India's Housing and Urban Development Corp HUDC.NS (HUDCO) has accepted bids worth 7.50 billion rupees ($87.25 million) for bonds maturing in three years, three bankers said on Wednesday.
The company will pay an annual coupon of 6.52% and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 4:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 3 years | 6.52 | 7.50 | June 4 | AAA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.9600 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra
)
MUMBAI, June 4 (Reuters) - India's Housing and Urban Development Corp HUDC.NS (HUDCO) has accepted bids worth 7.50 billion rupees ($87.25 million) for bonds maturing in three years, three bankers said on Wednesday.
The company will pay an annual coupon of 6.52% and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 4:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 3 years | 6.52 | 7.50 | June 4 | AAA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.9600 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra
)
May 7 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
MARCH-QUARTER CONSOL PROFIT 7.28 BILLION RUPEES
MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 28.45 BILLION RUPEES
DIVIDEND 1.05 RUPEESPER SHARE
Source text: [ID:]
Further company coverage: HUDC.NS
(([email protected];;))
May 7 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
MARCH-QUARTER CONSOL PROFIT 7.28 BILLION RUPEES
MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 28.45 BILLION RUPEES
DIVIDEND 1.05 RUPEESPER SHARE
Source text: [ID:]
Further company coverage: HUDC.NS
(([email protected];;))
May 6 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
HUDCO - APPROVED RAISING OF DEBENTURES WORTH UP TO 21.9 BILLION RUPEES
Source text: ID:nBSE2sqnxQ
Further company coverage: HUDC.NS
(([email protected];))
May 6 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
HUDCO - APPROVED RAISING OF DEBENTURES WORTH UP TO 21.9 BILLION RUPEES
Source text: ID:nBSE2sqnxQ
Further company coverage: HUDC.NS
(([email protected];))
MUMBAI, May 2 (Reuters) - India's Housing and Urban Development Corp (HUDCO) HUDC.NS has accepted bids worth 21.90 billion rupees ($261.2 million) for bonds maturing in five years, three bankers said on Friday.
The company will pay an annual coupon of 6.90% on this issue, and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on May 2:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 5 years | 6.90 | 21.90 | May 2 | AAA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 83.8490 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, May 2 (Reuters) - India's Housing and Urban Development Corp (HUDCO) HUDC.NS has accepted bids worth 21.90 billion rupees ($261.2 million) for bonds maturing in five years, three bankers said on Friday.
The company will pay an annual coupon of 6.90% on this issue, and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on May 2:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 5 years | 6.90 | 21.90 | May 2 | AAA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 83.8490 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, April 30 (Reuters) - India's Housing and Urban Development Corp (HUDCO) HUDC.NS plans to raise 30 billion rupees ($352 million), including a greenshoe option of 25 billion rupees, through a sale of bonds maturing in five years, three bankers said on Wednesday.
The company has invited coupon and commitment bids from bankers and investors for the issue on Friday, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 30:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 5 years | To be decided | 5+25 | May 2 | AAA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.2360 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
MUMBAI, April 30 (Reuters) - India's Housing and Urban Development Corp (HUDCO) HUDC.NS plans to raise 30 billion rupees ($352 million), including a greenshoe option of 25 billion rupees, through a sale of bonds maturing in five years, three bankers said on Wednesday.
The company has invited coupon and commitment bids from bankers and investors for the issue on Friday, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 30:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 5 years | To be decided | 5+25 | May 2 | AAA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.2360 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
Updates throughout
By Khushi Malhotra and Dharamraj Dhutia
MUMBAI, April 22 (Reuters) - At least six Indian state-run companies have sought government approval to issue deep-discount bonds, opting for a rarely used corporate bond structure to raise relatively cheaper funds, four sources aware of the matter said on Tuesday.
These companies are Indian Railway Finance Corp (IRFC) INID.NS, Indian Renewable Energy Development Agency (IREDA) INAR.NS, Power Grid Corp of India (PGC) PGRD.NS, REC RECM.NS, SIDBI and NABARD, the sources said.
REC has yet again sought permission to issue these bonds, after having raised 50 billion rupees ($587 million) similarly in September, when aggressive bids led to lower-than-expected yields.
REC confirmed the development but none of the other firms replied to Reuters emails seeking comment.
Deep-discount bonds are generally issued at a more than 20%-25% discount to their face value and do not pay regular interest, a feature similar to zero-coupon notes that removes reinvestment risks.
The surge in interest from companies to raise funds via these bonds is because they reduce overall borrowing costs in an environment when interest rates are seen falling further.
For investors, these bonds, though not tax-free, offer a significant long-term capital gains benefit. That, along with the rarity of such issues, is boosting demand for such notes, bankers said.
"At maturity, investors receive a profit which is taxable as per capital gains rates. This helps reduce the effective tax rate for investors making zero-coupon bonds attractive," said Nikhil Aggarwal, founder and CEO of online bond trading platform Grip Invest.
Last week, Housing and Urban Development Corp (HUDCO) HUDC.NS became the third state-run company to get approval to issue these bonds.
"HUDCO was the most likely candidate and they have got the approval and we expect REC and IRFC to be the next likely candidates," one of the sources said.
The sources said the government's approval may come in phases as they are not comfortable with a surge in the supply of zero-coupon bonds. The sources refused to be identified as they are not authorised to speak to the media.
HUDCO got approval to raise 50 billion rupees through bonds with a maturity of 10 years and one month, while Power Finance Corp (PFC) PWFC.NS was approved to raise 100 billion rupees in March. Both have until the end of March 2027 to raise these funds.
($1 = 85.1780 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Savio D'Souza)
(([email protected];))
Updates throughout
By Khushi Malhotra and Dharamraj Dhutia
MUMBAI, April 22 (Reuters) - At least six Indian state-run companies have sought government approval to issue deep-discount bonds, opting for a rarely used corporate bond structure to raise relatively cheaper funds, four sources aware of the matter said on Tuesday.
These companies are Indian Railway Finance Corp (IRFC) INID.NS, Indian Renewable Energy Development Agency (IREDA) INAR.NS, Power Grid Corp of India (PGC) PGRD.NS, REC RECM.NS, SIDBI and NABARD, the sources said.
REC has yet again sought permission to issue these bonds, after having raised 50 billion rupees ($587 million) similarly in September, when aggressive bids led to lower-than-expected yields.
REC confirmed the development but none of the other firms replied to Reuters emails seeking comment.
Deep-discount bonds are generally issued at a more than 20%-25% discount to their face value and do not pay regular interest, a feature similar to zero-coupon notes that removes reinvestment risks.
The surge in interest from companies to raise funds via these bonds is because they reduce overall borrowing costs in an environment when interest rates are seen falling further.
For investors, these bonds, though not tax-free, offer a significant long-term capital gains benefit. That, along with the rarity of such issues, is boosting demand for such notes, bankers said.
"At maturity, investors receive a profit which is taxable as per capital gains rates. This helps reduce the effective tax rate for investors making zero-coupon bonds attractive," said Nikhil Aggarwal, founder and CEO of online bond trading platform Grip Invest.
Last week, Housing and Urban Development Corp (HUDCO) HUDC.NS became the third state-run company to get approval to issue these bonds.
"HUDCO was the most likely candidate and they have got the approval and we expect REC and IRFC to be the next likely candidates," one of the sources said.
The sources said the government's approval may come in phases as they are not comfortable with a surge in the supply of zero-coupon bonds. The sources refused to be identified as they are not authorised to speak to the media.
HUDCO got approval to raise 50 billion rupees through bonds with a maturity of 10 years and one month, while Power Finance Corp (PFC) PWFC.NS was approved to raise 100 billion rupees in March. Both have until the end of March 2027 to raise these funds.
($1 = 85.1780 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Savio D'Souza)
(([email protected];))
More Mid Cap Ideas
See similar 'Mid' cap companies with recent activity
Promoter Buying
Companies where the promoters are bullish
Capex
Companies investing on expansion
Superstar Investor
Companies where well known investors have invested
Popular questions
- Business
- Financials
- Share Price
- Shareholdings
What does Housing & Urban Dev. do?
HUDCO is a prominent public sector enterprise focused on financing housing and infrastructure development in India. It primarily lends to State Governments for social housing and residential real estate projects benefiting individual beneficiaries.
Who are the competitors of Housing & Urban Dev.?
Housing & Urban Dev. major competitors are LIC Housing Finance, PNB Housing Finance, Sammaan Capital, Aptus Value Housing, Home First Finance, Can Fin Homes, Aavas Financiers. Market Cap of Housing & Urban Dev. is ₹41,680 Crs. While the median market cap of its peers are ₹13,912 Crs.
Is Housing & Urban Dev. financially stable compared to its competitors?
Housing & Urban Dev. seems to be less financially stable compared to its competitors. Altman Z score of Housing & Urban Dev. is 0.65 and is ranked 6 out of its 8 competitors.
Does Housing & Urban Dev. pay decent dividends?
The company seems to pay a good stable dividend. Housing & Urban Dev. latest dividend payout ratio is 30.67% and 3yr average dividend payout ratio is 38.4%
How strong is Housing & Urban Dev. balance sheet?
Latest balance sheet of Housing & Urban Dev. is strong. Strength was visible historically as well.
Is the profitablity of Housing & Urban Dev. improving?
Yes, profit is increasing. The profit of Housing & Urban Dev. is ₹4,034 Crs for TTM, ₹2,709 Crs for Mar 2025 and ₹2,117 Crs for Mar 2024.
Is Housing & Urban Dev. stock expensive?
Housing & Urban Dev. is expensive when considering the Price to Book, however latest PE is < 3 yr avg PE. Latest PE of Housing & Urban Dev. is 10.12 while 3 year average PE is 12.41. Also latest Price to Book of Housing & Urban Dev. is 1.86 while 3yr average is 1.71.
Has the share price of Housing & Urban Dev. grown faster than its competition?
Housing & Urban Dev. has given better returns compared to its competitors. Housing & Urban Dev. has grown at ~57.38% over the last 4yrs while peers have grown at a median rate of 12.05%
Is the promoter bullish about Housing & Urban Dev.?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Housing & Urban Dev. is 75.0% and last quarter promoter holding is 75.0%.
Are mutual funds buying/selling Housing & Urban Dev.?
The mutual fund holding of Housing & Urban Dev. is decreasing. The current mutual fund holding in Housing & Urban Dev. is 2.51% while previous quarter holding is 3.0%.