HUDCO shares tank over 9% after govt launches OFS to sell up to 7% stake

October 18, 2023

Under the OFS, the government will offload seven crore equity shares, representing about 3.5% of equity with an oversubscription option of another 3.5%. Based on the base offer and oversubscription option, the government plans on selling up to 14.01 crore shares.

More To Explore

Negative Breakout: These 8 midcap stocks cross below their 200 DMAs

In the Nifty500 pack, eight stocks’ closing prices crossed below their 200-day moving averages (DMA) on September 24, according to technical scan data from StockEdge.

September 25, 2026

IRDAI proposes clawback of commissions in case of mis-selling

Under the proposed framework, distributors could be rewarded for the quality of sales and servicing, while commissions could be clawed back in cases of mis-selling.

September 25, 2026

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information.

The information on this website does not constitute investment advice or a recommendation or a solicitation to engage in any investment activity. This website and its content are not intended for residents of the UAE, US, Canada, Australia, UK, Russia, North Korea, China, Japan, Hong Kong, Singapore and Iran.

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003