Housing Development And Infrastructure Ltd. Share Price

Update for investors of

& Urban Development Corporation is currently trading at Rs. 236.80, up by 0.75 points or 0.32% from its previous closing of Rs. 236.05 on the BSE. The scrip opened at Rs. 235.15 and has touched a high and low of Rs. 237.00 and Rs. 233.30 respectively. So far 177643 shares were traded on the counter. Last one week high and low of the scrip stood at Rs. 237.35 and Rs. 224.75 respectively. The current market cap of the company is Rs. 47084.69 crore. Housing and Urban Development Corporation (HUDCO) has signed non-binding Memorandums of Understandings (MoUs) with Sagarmala Finance Corporation (SMFCL) and Syama Prasad Mookerjee Port, Kolkata (SMPA). The company has signed first MoU with SMFCL to explore collaboration for joint financing in the areas such as Maritime and coastal infrastructure projects including ports, harbours, terminals, and associated connectivity infrastructure; Development of Inland Water Transport infrastructure and waterway vessels; Renewable and green energy initiatives in maritime zones; Support for shipbuilding and ship repair infrastructure including modernization of shipyards and dry docks; Development of logistics and multi-modal infrastructure etc. The overall cost estimate for the collaborative projects will be around Rs 80,000 crore during the entire period of MoU. The company has signed second MoU with SMPA for cooperation between SMPA and HUDCO wherein HUDCO shall explore opportunities to collaborate with project implementing agencies selected by SMPA and provide funds up to Rs 3000 crore towards meeting the funding requirements for both new projects and refinancing/ take-out of existing projects. The proposed collaboration aims to cover the development, modernization, and upgradation of port and allied infrastructure Projects of SMPA and organising joint conferences/ workshops for capacity and capability building of both the organisations.

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Yes Bank Audit Flags Governance Lapses in ₹500 Crore Loan Sale to Suraksha ARC

A recent internal audit has raised serious questions about a ₹500 crore non-performing asset (NPA) sale by

to Suraksha Asset Reconstruction Company (ARC) in 2017. The loan pertained to Housing Development and Infrastructure Ltd (HDIL). While Yes Bank cited a 15% cash margin in the transaction, auditors suspect that those funds may have originated from loans Yes Bank itself extended to entities linked with Suraksha ARC—casting doubt on the integrity of the deal. Key Concerns Identified: * Weeks before the asset sale, Yes Bank advanced approximately ₹199 crore in credit to Fortune Integrated Assets Service Ltd., a Suraksha-linked firm. In March 2017, the bank increased this facility by another ₹100 crore—funds that auditors believe may have been diverted to finance the NPA purchase. * There was a troubling absence of competitive bidding or independent valuations for the asset sale, deviating from standard ARC disposal norms. * Notably, Suraksha ARC acquired nearly 98% of Yes Bank’s distressed assets during FY17, raising concerns of preferential treatment without transparent processes. * The asset’s value had surged to ₹700 crore by the time of insolvency, but only around ₹150 crore is expected to be recovered—indicating a potential 75% loss. Why It Matters: The findings suggest deep governance and procedural weaknesses that could trigger regulatory scrutiny and potential legal investigation. This case may have broader implications for asset sale practices, especially regarding conflicts of interest and transparency. Yes Bank’s internal control failures could undermine market confidence and prompt tighter oversight. Source: NDTV Profit No Recommendations

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