New Delhi, June 7 -- The Housing & Urban Development Corporation (HUDCO) on Friday approved a proposal to raise up to Rs.750 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis.

The debentures will be unsecured, taxable, redeemable, non-convertible, and non-cumulative, with a face value of Rs.1,00,000 each.

According to an exchange filing, the 'Bond Allotment Committee', in its meeting held on June 6, 2025, cleared the proposal to raise funds via Series-C 2025 NCDs, with a base size of Rs.500 crore and a green shoe option of Rs.250 crore, offering HUDCO flexibility to expand the issue depending on investor appetite.

The announcement lifted investor sentiment, with HUDCO's shares rising 2.58% to ...