Saturday 25th May 2024

HUDCO declares highest-ever interim dividend.

Apr 18th, 2024 7:58 pm | By | Category: LATEST NEWS

Housing and Urban Development Corporation Ltd. (HUDCO) has declared an Interim Dividend of Rs 1.50 per share for the financialyear 2023-24. The Government of India holds 75% in HUDCO. This is the highest-ever interim dividend declared by HUDCO.

HUDCO was incorporated as “The Housing and Urban Development Finance Corporation Private Limited” on April 25, 1970, as a private limited company under the Companies Act, 1956, and was granted a certificate of incorporation by the then Registrar of Companies, Delhi. Subsequently, the name of our Company was changed to its present name, “Housing and Urban Development Corporation Limited” and a fresh certificate of incorporation dated July 9, 1974, was issued by the then Registrar of Companies, Delhi & Haryana. Our Company was notified as a public financial institution under Section 4A of the Companies Act, 1956 on December 9, 1996, by the Department of Company Affairs, Ministry of Finance, GoI. Further, the NHB issued a certificate of registration to us on July 31, 2001, permitting us to carry on the business of a housing finance institution.

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