Cabinet approves disinvestment of 10% paid up equity of Housing and Urban Development Corporation Ltd. (HUDCO)

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..... Cabinet approves disinvestment of 10% paid up equity of Housing and Urban Development Corporation Ltd. (HUDCO)
News and Press Release
Dated:- 15-6-2016

The Cabinet Committee on Economic .....

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..... Affairs, chaired by the Prime Minister Shri Narendra Modi has given its approval for disinvestment of 10% paid up equity of Housing and Urban Development Corporation Ltd. (HUDCO) out of Government of .....

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..... India's shareholding of 100% through Initial Public Offering (IPO) in the domestic market as per the Securities and Exchange Board of India (SEBI) Rules and Regulation. The paid up equity capital of .....

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..... HUDCO is ₹ 2001.90 crore and Government of India owns 100% 0f the equity at present. Net worth of the Company is approximately ₹ 7,800 Cr. HUDCO was incorporated on 25th April 1970 as a w .....

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..... holly owned Government of India Enterprise under the administrative control of Ministry of Housing and Urban Poverty Alleviation with the objective of providing long term finance for construction of h .....

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..... ouses for residential purposes. It also finances and undertakes housing and urban development projects in the country.
News - Press release - PIB .....

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