New Delhi, April 4 -- Shares of Housing & Urban Development Corporation (HUDCO) fell over 4 percent in intraday trading on Friday, April 4, after the company's board approved a significant fundraising plan and an increase in its borrowing limit. The stock decline reflects investor concerns over the company's rising debt levels, despite the potential for growth and expansion through these financial measures.

In a regulatory filing, HUDCO stated that its board, in a meeting held on April 4, 2025, approved an annual resource plan and borrowing program of up to Rs.65,000 crore for the financial year 2025-26. The actual funds raised will depend on the company's requirements throughout the year.

Additionally, the board approved an increase in...