Housing & Urban Development Corporation Limited — Board Meeting, 06-06-2025: Outcome of Board Meeting

HUDCO has announced a board meeting to approve raising up to Rs. 750 Cr via unsecured, taxable, redeemable non-convertible debentures (NCDs) through private placement. The base size is Rs. 500 Cr with a green shoe option of Rs. 250 Cr. These 3-year NCDs offer a 6.52% annual coupon. HUDCO plans to use the proceeds to boost its capital base for ongoing financing activities. The company has a clean track record with no defaults or payment delays.