Housing & Urban Development Corporation Ltd (HUDCO) plunged over 9% touching to Rs. 81.37, after the authorities introduced that it’d sell as much as 7% stake within the housing finance enterprise through an Offer for Sale (OFS).
The government plans on selling up to three.5% equity thru the OFS with a greenshoe choice to sell some other 3.5% stake. Based on the base provide and oversubscription option, the government plans on selling up to 14.01 crore stocks.
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