Significant institutional interest at a reasonable premium is said to have lifted the stock
Housing and urban infra projects lender plans to sell 204 mn shares in range of Rs 56-60 a share
Central govt to sell 200 mn shares via OFS; 5% off on issue price for retail investors, Hudco staff
As many as nine merchant bankers, including Citibank and Nomura Financial, have queued up to manage the 10 per cent stake sale of Housing and Urban Development Corporation (HUDCO).
Govt mulls to divest 10% paid-up equity capital of Hudco
Shares will be sold through an IPO, govt wants to raise Rs 56,500 crores from the stake sale
Funds raised through the issue will be used primarily for financing housing projects