HUDCO IPO - Promoters and Objects to the Issue - Indian IPO Blog

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Tuesday, April 4, 2017

HUDCO IPO - Promoters and Objects to the Issue

Housing and Urban Development Corporation (HUDCO) is planning to come up with an IPO which will hit the markets very soon.

The object of the issue are to:

1. Carry out the disinvestment of 200,190,000 Equity Shares by the Selling Shareholder constituting 10% of the Company’s pre-offer paid up equity share capital company; and

2. To achieve the benefits of listing the Equity Shares on the Stock Exchanges.

The Promoter to the HUDCO IPO is the President of India, acting through the Ministries.

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