HUDCO Offer for Sale tomorrow, GOI to divest 8% stake

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New Delhi : The Government of India has decided to sell up to 16 crore shares or around 8 percent stake, in the state-run Housing & Urban Development Corporation Ltd (HUDCO) via an offer for sale (OFS) on July 27-28. The Offer for Sale will be open for non-retail investors in the first day, while in the second day the it will be open for retail investors.

The floor price for the offer has been fixed as Rs 45 per equity share, a regulatory filing noted.

“Offer for Sale of GoI equity in HUDCO opens tomorrow for non-Retail investors. Day 2 for Retail investors. Government would divest 5.5% shares with an additional 2.5% as Green Shoe Option (sic),” Secretary, Department of Investment and Public Asset Management, tweeted on July 26.

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