HUDCO to raise funds of up to Rs 22k crore through bonds

NEW DELHI: The Housing and Urban Development Corporation Limited (HUDCO), on July 28, announced that its board has approved the proposal to raise up to Rs 22,000 crore through bonds and debentures, so as to finance affordable housing and urban infrastructure. HUDCO is under the ownership of Ministry of Housing and Urban Affairs, Government of India.

In a regulatory filing, the HUDCO said that its board gave approval to the proposed Annual Resource Plan during the meeting held on July 27; consequently, the company is now permitted to raise funds through the issue of bonds/debentures, as may be permitted by regulatory authorities from time to time, up to a maximum of Rs 22,000 crore, during the financial year of 2022-2023.