HUDCO receives IFC status, shares gains over 1.6%
The amount of additional exposure that the company will get was not disclosed.
State-owned Housing and Urban Development Corporation (HUDCO) Ltd. announced on Thursday that it has received the certificate of registration as an Infrastructure Finance Non-Banking Finance Company (NBFC) from the Reserve Bank of India.
The IFC status allows the company higher exposure limits for financing to various infrastructure sectors in addition to housing, HUDCO said in an exchange filing.
The amount of additional exposure that the company will get was not disclosed.
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Shares of HUDCO ended 1.7% higher on Thursday at Rs 294. The stock has risen 128% so far in 2024 and nearly 300% in the last 12 months.
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