Government selects four investment banks for share sale in HUDCO

Department of Investment and Public Asset Management (DIPAM), the nodal agency under the finance ministry that coordinates government disinvestment programme has selected four investment banks for the proposed share sale in HUDCO (Housing & Urban Development Corporation Limited). These four banks include Nomura, SBI Caps, ICICI Securities and IDBI Capital.

The Housing and Urban Development Corporation Limited (HUDCO) is a government-owned corporation in India. One of the public sector undertakings, it is wholly owned by the Union Government and is under the administrative control of the Ministry of Housing and Urban Poverty Alleviation. It is mandated with building affordable housing and carrying out urban development.

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1. Government selects ____ investment banks for share sale in HUDCO  

Source – The Hindu


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