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HUDCO declares interim dividend of Rs. 0.675, to raise Rs. 30000 crore

Posted On: 2019-03-12 14:27:00

The Board of directors of Housing and Urban Development Corporation Ltd (HUDCO) in its meeting held on Tuesday, the 12th March, 2019 i.e. today has approved the payment of interim dividend for the financial year 2018-19 @ 6.75 % (Rs. 0.675 per equity share of Rs.10/- each).

For the purpose of payment of interim dividend, the Record Date is fixed as Saturday the 23rd March, 2019.

The board also approved the raising of funds through issue of bonds/ debentures (including Tax-free bonds, capital gain bonds, GoI fully serviced bonds, zero coupon bonds, deep discount bonds, subordinated bonds, inflation indexed bonds, bonds/ debentures of any nomenclature), as may be permitted by the regulatory authorities from time to time during the financial year 2019-20 upto a maximum of Rs. 30,000 crore.

Further, the process for payment of Interim Dividend will start from 25th March, 2019 and the same will be completed within 30 days of its declaration.

Shares of Housing and Urban Development Corporation Ltd was last trading in BSE at Rs.45.35 as compared to the previous close of Rs. 44.7. The total number of shares traded during the day was 122740 in over 575 trades.

The stock hit an intraday high of Rs. 45.8 and intraday low of 44.75. The net turnover during the day was Rs. 5556489.


Source: Equity Bulls

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