Home / Markets / IPO / Centre divests 8% in Hudco, Glenmark Life subscribed 4x on penultimate day

Centre divests 8% in Hudco, Glenmark Life subscribed 4x on penultimate day

Rolex Rings subscribed 3.5 times on Day-1, Tatva Chintan to list on Thursday

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Illustration: Binay Sinha

BS Reporter Mumbai

2 min read Last Updated : Jul 29 2021 | 12:50 AM IST

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.

Topics : IPO Hudco IPO HUDCO Glenmark Pharmaceuticals

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