HUDCO to hold board meet on April 4 to consider and approve borrowing programme
The board will also consider increasing the overall borrowing limit to Rs 2.5 lakh crore from the existing limit of Rs 1.5 lakh crore. The proposal will be subject to the approval of shareholders.
State-run Housing and Urban Development Corporation Ltd has announced that its board members will meet next week on April 4 to consider and approve its borrowing programme for the next fiscal year. This includes an annual resource plan or borrowing programme up to a maximum amount of Rs 65,000 crore during the financial year 2026, depending on the actual requirement of funds.
The board will also consider increasing the overall borrowing limit to Rs 2.5 lakh crore from the existing limit of Rs 1.5 lakh crore. The proposal will be subject to the approval of shareholders.
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Earlier, the company affirms about the plan to increase its loan book to Rs 1.5 lakh crore in financial year 2026 and expects to surpass its Rs 1.2 lakh crore target for the current fiscal.
HUDCO shares were up 0.9% at Rs 202.07 apiece at 11.40 am on Friday, March 28. The stock has gained 22.36% in the last month.
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