HUDCO: Govt. to transfer Ministry of Rural Development shares to Ministry of Housing

Housing and Urban Development Corporation Limited (HUDCO) has announced a corporate disclosure regarding a change in shareholding structure. The Government of India, through the Department of Investment and Public Asset Management (DIPAM), has decided to transfer shares held by the Ministry of Rural Development to the demat account of the Ministry of Housing and Urban Affairs. This internal restructuring will not alter the total Government of India shareholding, which remains at 75%. The administrative ministry, Ministry of Housing and Urban Affairs, currently holds 54.27%, while the Ministry of Rural Development holds 20.73%. This move is an administrative decision and does not impact the company's operational or financial standing.