HUDCO: Govt. to transfer Ministry of Rural Development shares to Ministry of Housing and Urban Affairs
The Government of India, through DIPAM, will transfer shares held by the Ministry of Rural Development to the Ministry of Housing and Urban Affairs. This move will not alter the total 75% government shareholding in Housing & Urban Development Corporation Limited (HUDCO). Further updates will be provided.
The transfer of shares between government ministries does not change the controlling stake or the overall shareholding structure, hence the impact on the company's operations or market perception is minimal.
The announcement concerns an internal administrative restructuring of shareholding within the Government of India and does not directly impact HUDCO's operational or financial performance. The overall shareholding percentage remains unchanged.
Housing and Urban Development Corporation Limited (HUDCO) has received an Office Memorandum dated 1st September, 2026, from the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, Government of India.
The memorandum conveys the decision to execute the transfer of shares currently held in the demat account of the Ministry of Rural Development to the demat account of the Ministry of Housing and Urban Affairs. This transfer will maintain the Government of India's overall shareholding in HUDCO at the existing 75%.
HUDCO is a Government Company with 75% shareholding held by the President of India, acting through the Ministry of Housing and Urban Affairs (54.27%) and the Ministry of Rural Development (20.73%). Further developments regarding this share transfer will be intimated in due course.
A plain-language summary of a public exchange filing by Housing & Urban Development Corporation Limited. Read the original for the full detail.