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Govt readies OFS to sell 7% in Hudco
Mint Mumbai
|October 18, 2023
The government will sell 7% equity in Housing And Urban Development Corp. Ltd (Hudco) via an offer for sale (OFS) on 18-19 October that is likely to fetch it around ₹1,100 crore, a senior government official said.
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“Offer for sale in Hudco opens tomorrow for non-retail investors. Retail investors can bid on Thursday. Government will divest 7% equity including a green shoe option of 3.5%," Tuhin Kanta Pandey, secretary of the department of investment and public asset management, said in a post on X, formerly known as Twitter, on Tuesday.
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