HUDCO Board to consider fund raising on May 6
Housing & Urban Development Corporation Ltd (HUDCO) has announced that its Bond Allotment Committee will convene a meeting on May 6, 2025, to discuss a proposed fund raise through debt issuance. The information was disclosed via a regulatory filing submitted in XBRL format.
The meeting, categorized as an 'Other' type under SEBI disclosure norms, will specifically focus on the mode of fund raising via debt instruments. This aligns with HUDCO's ongoing capital raising plans to support infrastructure and housing development initiatives.
As per the filing, the trading window for the company has been closed since April 1, 2025, in compliance with SEBI's insider trading regulations. However, the end date for the trading window closure was not clearly specified in the document.
The decision comes at a time when several public sector undertakings are actively leveraging debt markets to fund expansion and developmental projects.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
8 hours ago
- Business Upturn
BEML bags defence order worth Rs 293.82 crore for supply of HMV 6×6 vehicles
BEML Limited has announced that it has secured a fresh order worth approximately ₹293.82 crore from the Ministry of Defence for the supply of High Mobility Vehicles (HMV) 6X6. The disclosure was made pursuant to Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015. This new contract strengthens BEML's position as a key defence equipment supplier, highlighting its capability to deliver advanced, indigenous mobility solutions for the armed forces under the government's 'Make in India' initiative. Notably, on July 18, BEML had also announced a separate order worth ₹185.65 crore from the Ministry of Defence (E-in-C) for the supply of bulldozers. That earlier order, which was made in the normal course of business, further deepened the company's long-standing relationship with the Ministry and added to its already strong defence-focused order pipeline. While the bulldozer order is unrelated to the latest HMV contract, both reinforce BEML's critical role in supporting India's defence infrastructure through consistent and high-quality equipment deliveries. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
11 hours ago
- Business Upturn
Infosys Q1 Results: Raises FY26 Constant Currency Revenue Growth guidance to 1-3% from 0-1%
Infosys Limited reported its financial results for the quarter ended June 30, 2025 (Q1 FY26), showing muted growth amid weak discretionary spending and macroeconomic headwinds. The company also shared a cautious outlook for the full year FY26. Q1 FY26 Results: Revenue: ₹38,920 crore, up 0.8% QoQ from ₹38,610 crore in Q4 FY25. Net profit: ₹6,153 crore, up 3.1% QoQ from ₹5,973 crore in Q4 FY25. Operating profit: ₹7,981 crore, up slightly from ₹7,888 crore QoQ. Operating margin: 20.5% vs 20.4% QoQ — stable. Earnings per share (EPS): ₹14.66 vs ₹14.20 QoQ. While the revenue grew marginally sequentially, cost control and higher other income supported profitability. FY26 Guidance: Infosys issued a subdued outlook for FY26: Revenue growth (constant currency): 1% to 3% YoY. Operating margin: Expected to be in the range of 20%–22%. 'Q1 performance is a clear reflection of our unwavering focus on multiple fronts resulting in strong growth at 2.6% QoQ, resilient margins at 20.8% and EPS increase of 8.6% YoY. We continue to leverage Project Maximus to make investments in strategic priorities to drive profitable growth and enhance shareholder value', said Jayesh Sanghrajka, CFO. 'Cash flow conversion was well above 100% for the fifth consecutive quarter. The impact of currency volatility was effectively managed through our proactive hedging strategy', he added. Infosys added that it remains confident about its long-term digital transformation opportunities and will continue to invest in capability building and client partnerships. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
11 hours ago
- Business Upturn
Maruti Suzuki introduces 6 airbags in XL6, prices hiked by up to 0.8%
By Aditya Bhagchandani Published on July 23, 2025, 15:21 IST Maruti Suzuki India Limited (MSIL) has announced the introduction of 6 airbags in its XL6 model, enhancing the vehicle's safety features. The announcement was made through a regulatory filing on July 23, 2025. According to the company, this safety upgrade has led to an increase in the ex-showroom price of the XL6 by up to 0.8%, effective immediately from July 23. The company has communicated this price revision and the introduction of airbags to both the BSE and the National Stock Exchange. Sanjeev Grover, Executive Officer & Company Secretary at MSIL, signed off the notice, informing stock exchanges and stakeholders about the development and requesting them to take it on record. The XL6 is part of Maruti Suzuki's premium offering in the MPV segment, and this update aligns with growing consumer demand for higher safety standards in vehicles sold in India. This enhancement underscores Maruti Suzuki's ongoing efforts to improve the safety of its vehicles while maintaining competitive pricing. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
