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The Housing and Urban Development Corporation Ltd. (HUDCO) was incorporated on April 25, 1970 under the Companies Act 1956, as a fully owned enterprise of the Government of India. HUDCO was aimed at accelerating the pace of construction and elimination of housing shortages and for orderly development of urban centres.
Major Objective of HUDCO are:
1. To provide long term finance for construction of houses for residential purposes or finance or undertake housing and urban development programmes in the country.
2. To finance or undertake, wholly or partly, the setting up of new or satellite town.
3. To subscribe to the debentures and bonds to be issued by the State Housing (and or Urban Development) Boards, Improvement Trusts, Development Authorities etc., specifically for the purpose of financing housing and urban development programmes.
4. To finance or undertake the setting up of industrial enterprises of building material.
5. To administer the moneys received, from time to time, from the Government of India and other sources as grants or otherwise for the purposes of financing or undertaking housing and urban development programmes in the country.
5. To promote, establish, assist, collaborate and provide consultancy services for the projects of designing and planning of works relating to Housing and Urban Development programmes in India and abroad.
| Issue Open | Sep 17, 2013 - Oct 14, 2013 |
| Security Name | Housing & Urban Development Corporation Limited |
| Security Type | |
| Issue Size (Base) | Rs [.] Crores |
| Issue Size (Shelf) | Rs [.] Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 5 NCD |
| Market Lot | 5 NCD |
| Listing At | BSE |
| Credit Rating | |
| Tenor | |
| Series | |
| Payment Frequency | |
| Basis of Allotment |
Category  |
NCD's Allocated |
|---|---|
| Category 1 | 0% |
| Category 2 | 0% |
| Category 3 | 0% |
| Category 4 | 0% |
The funds proposed to be raised through the Issue shall be utilized towards:
1. Debt servicing, which includes servicing of both the principal amounts as well as interest payments of various debt facilities availed by their Company in the past and currently outstanding in its books of accounts, in cluding loans, market borrowings (which include non-convertible bonds/ debentures);
2. Statutory payments;
3. Establishment and administrative expenses;
4. Other working capital requirements of the Company ; and
5. Any other purposes and end-uses as may be allowed by RBI from time to time regulations/guidelines/clarifications issued by RBI.
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Housing & Urban Development Corporation Limited
HUDCO Bhawan, Core - 7A,
India Habitat Centre,
Lodhi Road, New Delhi, 110003
Phone: +91 11 2464 9610
Email: taxfreebonds@hudco.org
Website: http://www.hudco.org
KFin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: hudco.bonds@karvy.com
Website: https://karisma.kfintech.com/
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