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Housing and Urban Development Corporation Ltd (HUDCO) has approved plans to raise up to INR 3,000 crore through non-convertible debentures, as confirmed in a recent regulatory filing. The funds will support affordable housing, integrated townships, and key urban infrastructure projects like water supply, roads, drainage, and transport systems. A key lender to state governments and public bodies, HUDCO plays a central role in financing India's urban growth. The debentures are aimed at attracting long-term institutional investors and align with HUDCO's strategy to fund development without impacting equity. This move reinforces its commitment to strengthening infrastructure across rapidly urbanising regions.
Housing and Urban Development Corporation Ltd (HUDCO), a government-owned financial institution dedicated to housing and urban infrastructure development, has decided to raise up to INR 3,000 crore through the issuance of non-convertible debentures. The company disclosed in a regulatory filing that its Bond Allotment Committee has granted approval for the fundraising initiative. Advertisement
The capital will be mobilised to support HUDCO's ongoing and planned financing activities, which include funding of affordable housing, integrated township developments, and essential urban infrastructure such as water supply systems, roads, drainage networks, and transport connectivity. Over the years, HUDCO has emerged as a crucial lender to state governments, public sector undertakings, and municipal bodies engaged in the execution of infrastructure projects.
HUDCO typically raises funds through a combination of bonds, debentures, and institutional borrowing. Its non-convertible debenture offerings are structured to attract long-term institutional investors and deliver stable returns, without diluting equity. This latest fundraising plan is consistent with its strategy to maintain a robust capital structure while meeting the credit demands of India's fast-growing urban regions.
Source - PTI
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