HUDCO share price jumps over 3% after approval to raise ₹2,000 crore via private placement of NCDs

HUDCO share price jumped more than 3% on Thursday after the company announced plans to raise up to ₹2,000 crore through a private placement of debt securities. HUDCO shares gained as much as 3.48% to ₹203.50 apiece on the BSE.

The board of directors of Housing & Urban Development Corporation Ltd (HUDCO), in a meeting held on March 27, approved raising of Unsecured, Taxable, Redeemable, Non-Convertible, Non-Cumulative Debentures (NCDs) with a face value of ₹1,00,000 each (Series -G 2024) on a private placement basis.

“...this is to inform that the ‘Bond Allotment Committee’ in their meeting held today i.e., 27" March, 2025, has approved the raising of Bonds as Unsecured, Taxable, Redeemable, Non-Convertible, NonCumulative NCDs of face value of Rs. 1,00,000 each (Series-G 2024) aggregating upto Rs. 2,000 Crore on a Private Placement basis,” HUDCO said in a regulatory filing on March 27.

The issue consists of a base size of ₹500 crore, with a green shoe option to raise an additional ₹1,500 crore, taking the total issue size to ₹2,000 crore.

The bonds, which will be listed on the BSE, have a tenure of 10 years, with redemption at par at maturity. Interest payments will be made annually, and the coupon rate for the issue is set at 7.19%, the Navratna PSU said.

HUDCO Stock Price Trend

HUDCO shares have gained 16% over the past month. However, on a year-to-date (YTD) basis, the stock has declined 15.5% and has fallen 16% in the last six months.

Despite recent volatility, HUDCO has delivered exceptional long-term returns. The Navratna PSU stock has surged 390% over the past two years and has generated multibagger returns of 925% over the last five years.

At 2:40 PM, HUDCO shares were trading 1.81% higher at ₹200.20 apiece on the BSE.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.