MUMBAI (Reuters) - Indian state-run Housing and Urban Development Corp Ltd's (HUDCO) initial public offering of shares to raise up to 12.2 billion rupees ($189 million) was fully subscribed on the second day of the sale on Tuesday, stock exchange data showed.
The government, which fully owns HUDCO, is selling an about 10 percent stake in a price range of 56 to 60 rupees a share in the IPO that closes on Thursday.
The IPO is the first by a state-run company since NBCC (India) Ltd's listing in 2012.
($1 = 64.5300 Indian rupees)
(Reporting by Swati Bhat; Editing by Devidutta Tripathy)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app