HUDCO: Primary offer - Developing the plot
While the offer’s valuation is attractive, loan growth needs a close watch
The initial public offer (IPO) of Housing and Urban Development Corporation (HUDCO) — a wholly-owned government company with nearly half a century experience in providing loans for housing and urban infrastructure projects in India — offers a bitter sweet opportunity for investors. On the one hand, the company’s primary focus on lending to State governments and their agencies, aside from lowering...
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