HUDCO raises Rs 1,300 crore by means of private position of bonds


NEW DELHI: State-claimed HUDCO today said it has raised Rs 1,300 crore through private position of non-convertible bonds to fund the reasonable lodging and urban foundation ventures. 

Ambani Says India Phone Unit Virtually Merges With Brother’s Jio

Lodging and Urban Development Corporation LtdBSE 0.28 % said in an announcement that it "has raised an aggregate of Rs 1300 crore through private position issue(s) of unsecured, redeemable, non-convertible securities at most minimal conceivable loan fees". 

While the issue of Rs 700 crore was raised at 7.36 for every penny on September 16, the second tranche of Rs 600 crore was cleaned up at 7.35 for each penny on September 22. 

These bonds would fall due for development on November 30, 2019 and January 22, 2020, separately. 

HUDCO has raised Rs 1,800 crore so far this monetary through private position of bonds and cleaned another Rs 250 crore through different sources including open stores. 

The organization had dispensed Rs 8,248 crore in lodging and urban infra extends in 2015-16 and it hopes to accomplish higher payment the current money related year. 

HUDCO is a techno-money related foundation occupied with the financing and advancement of lodging and urban framework ventures the nation over. It is under the regulatory control of the Housing and Urban Poverty Alleviation service. 

Amid the 2015-16 financial, the organization had posted a net benefit of Rs 783.79 crore over a gross wage of Rs 3,302.20 crore.

For more latest hindi news click here