 "Initial public offerings, IPOs, stock market, investors")
Centre divests 8% in Hudco
The government has divested 8 per cent stake in Housing Urban Development Corporation (Hudco) through the offer for sale (OFS) route. The share sale received total bids for 194 million shares as against 160 million put on the block. Retail investors subscribed to just 18.4 per cent shares on offer in the OFS. The price for the share sale was fixed at Rs 45. Shares of Hudco ended at Rs 45.2 in the secondary market trade. The centre has raised Rs 720 crore through the share sale, which will go towards the 2021-22 disinvestment kitty.
