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Status Change: Hudco may soon become infrastructure finance company

The Housing and Urban Development Corporation (Hudco), a state-run non-banking financial company, is set to transform into an infrastructure finance company (IFC) to access cheaper funds and reduce borrowing costs. Hudco has made representations to the Reserve Bank of India (RBI) and expects approval within a month or two. To qualify as an IFC, at least 75% of its assets should be deployed for infrastructure lending, and it must meet criteria such as a net worth of ₹300 crore, a minimum credit rating of A, and a Capital to Risk (Weighted) Assets Ratio (CRAR) of 15%. ....

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1.4x bids! NHPC OFS a successful show as retail investors subscribe for 3.8 crore shares

On Thursday, NHPC OFS received an overwhelming response from institutional investors, such that the government decided to exercise the greenshoe option and sell an additional 1% stake in the renewable energy major. ....

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Government to sell additional 1% stake in NHPC as OFS gets overwhelming response

On Wednesday, the government announced plans to sell 251,125,870 shares, representing a 2.5% stake in NHPC, and set the floor price at Rs 66/share. This was at a steep discount of nearly 10% to the closing price of the stock. Further, the government said it would sell an additional 100,450,348 shares, representing a 1% stake, in case of an oversubscription. ....

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nhpc stock update: Govt to sell 2.5% stake in NHPC via OFS; floor price set at Rs 66/share

The government proposes to sell an additional 100,450,348 shares, representing 1% of the total paid up capital of the company, in case of an oversubscription. The OFS will open for subscription to institutional investors on Thursday, and for retail investors on Friday. ....

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Hudco looking at Japan to raise funds via ECB route: CMD

The plan is expected to help HUDCO raise funds at a 6.5-7% rate. HUDCO is also looking to expand its loan book to ₹1.5 lakh crore by FY26 from around ₹80,000 crore now, and ECBs would be a key component to bring down overall cost. ....

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