3

HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED

IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
PUBLIC ISSUE BY HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED (COMPANY OR THE ISSUER) OF TAX FREE BONDS OF FACE VALUE
OF ` 1000 EACH IN THE NATURE OF SECURED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES, HAVING BENEFITS UNDER SECTION 10(15)(IV)(H) OF THE
INCOME TAX ACT, 1961, AS AMENDED (BONDS) AGGREGATING TO ` 750 CRORE (BASE ISSUE SIZE) WITH AN OPTON TO RETAIN OVERSUBSCRIPTION
UPTO THE SHELF LIMIT* (I.E. ` 4809.20 CRORE) (ISSUE). THIS ISSUE IS BEING OFFERED BY WAY OF THE PROSPECTUS TRANCHE I WHICH CONTAINS,
INTER ALIA, ALL TERMS AND CONDITIONS OF THE TRANCHE I (THE PROSPECTUS TRANCHE I) WHICH SHOULD BE READ TOGETHER WITH THE SHELF
PROSPECTUS DATED SEPTEMBER 11, 2013 FILED WITH THE REGISTRAR OF COMPANIES, NATIONAL CAPITAL TERRITORY OF DELHI AND HARYANA, BSE
AND SEBI (SHELF PROSPECTUS). THE SHELF PROSPECTUS, TOGETHER WITH THE PROSPECTUS TRANCHE I SHALL CONSTITUTE THE PROSPECTUS.
* I n terms of the CBDT Notification (defined hereinafter), in addi tion to the tranche(s) of public i ssue, our Company may also raise Bonds on a
private placement basis in one or more tranches during the process of the present I ssue, not exceedi ng ` 1,500 crores, i.e. upto 30% of the allocated
limit for raising funds through the Bonds during the Fiscal 2014, at its discretion, wherein suitabl e amounts shall be earmarked for subscription by
Soverei gn Wealth Funds, Pension and Gratuity Funds. Our Company shall ensure that Bonds issued through the public issue route and private
placement route shall together not exceed ` 4,809.20 crores. I n case our Company raises funds through private placements duri ng the process of
the present I ssue, the Shelf Limit for the I ssue shall get reduced by such amount raised.
The I ssue is being made under the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008, as amended (SEBI
Debt Regulations) and pursuant to notification No. 61/2013/F.No. 178/37/2013-(I TA.I ) dated August 8, 2013 issued by the Central Board of Direct
Taxes, Department of Revenue, Ministry of Finance, Government of I ndia (CBDT Notification), by virtue of powers conferred upon it by item
(h) of sub-clause (i v) of clause (15) of secti on 10 of the I ncome Tax Act, 1961, as amended.
THIS ABRIDGED PROSPECTUS CONSISTS OF 48 PAGES. PLEASE ENSURE THAT YOU GET ALL PAGES
Please ensure that you read the Prospectus and the general instructions contained in this Memorandum before applying in the Issue.
Unless otherwise specified, all capitalised terms used in this form shall have the meaning ascribed to such terms in the Prospectus. The
investors are advised to retain a copy of Prospectus/Abridged Prospectus for their future reference.
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
Our Company was incorporated as Housing and Urban Development Finance Corporation Private Limited on April 25, 1970 as a private limited
company under the Companies Act, 1956, as amended (the Companies Act) and was granted a certificate of incorporation by the then Registrar of
Companies, Delhi. Subsequently the name of our Company was changed to its present name and a fresh certificate of incorporation dated J uly 9, 1974
was issued by the then Registrar of Companies, Delhi and Haryana. For further details, see the section titled History and Certain Corporate Matters
on page 72 of the Shelf Prospectus.
Registered and Corporate Office: HUDCO Bhawan, Core- 7A, India Habitat Centre, Lodhi Road, New Delhi 110003, India.
Telephone: +91 11 2464 9610-27; Facsimile: +91 11 2464 8427
Compliance Officer: Mr. Rajinder Paul; Telephone: +91 11 2464 8426; Facsimile: +91 11 2464 8427
E-mail: [email protected]; Website: www.hudco.org
Please read the Risk Factors carefully. See section titled Risk Factors on page no. [] of this Abridged Prospectus
GENERAL RISKS
I nvestors are advised to read the Ri sk Factors carefull y before taki ng an i nvestment decision in rel ation to thi s I ssue. For taki ng an i nvestment
deci sion, i nvestors must rel y on their own exami nation of the I ssuer and the I ssue, includi ng the ri sks involved. Specific attenti on of the
investors i s i nvited to "Risk Factors" on page 10 of the Shelf Prospectus and "Recent Materi al Devel opments" on page 23 of the prospectus
Tranche-I before maki ng an i nvestment in this I ssue. This document has not been and wil l not be approved by any regulatory authority in I ndi a,
incl udi ng the National Housing Bank ("NHB"), the Securities and Exchange Board of I ndia ("SEBI "), the Reserve Bank of I ndi a ("RBI "), any
regi strar of companies or any stock exchange in I ndi a.
ISSUERS ABSOLUTE RESPONSIBILITY
The I ssuer, having made al l reasonable inqui ri es, accepts responsi bi lity for and confi rms that the prospectus does contain and, wi ll contain all
informati on wi th regard to the I ssuer and the I ssue, which i s material i n the context of the I ssue, that the informati on contained in the
Prospectus wil l be true and correct in al l material respects and is not misleadi ng in any material respect, that the opinions and i ntentions
expressed herein are honestly held and that there are no other material facts, the omission of which makes the Prospectus or any such
informati on or the expression of any such opi ni ons or i ntentions, misleadi ng in any material respect at the ti me of the I ssue.
CREDIT RATING
CARE has assigned a rating of CARE AA+ to the Bonds vi de letter dated September 9, 2013. I ndia Rati ngs and Research Private Limited
(formerl y Fitch Rati ngs I ndia Private. Li mi ted) (I RRPL) has assigned a rating of I ND AA+ to the Bonds vide l etter dated September 6, 2013.
I nstruments wi th this rati ng are consi dered to have high degree of safety regardi ng ti mely servi ci ng of financial obl igati ons. Such instruments
carry very l ow credi t risk. For the rationale for this rati ng, see Annexure B of the Shelf Prospectus. This rating i s not a recommendati on to buy,
sell or hold securities and investors should take their own decisi on. This rati ng is subj ect to revi sion or withdrawal at any time by the assigni ng
rati ng agency(ies) and shoul d be evaluated independentl y of any other rati ngs.
PUBLIC COMMENTS
The Draft Shelf Prospectus dated August 29, 2013 was fi led with the BSE Limited (BSE), the Designated Stock Exchange pursuant to the
provisions of the SEBI Debt Regulations on August 30, 2013 and was open for public comments for seven Working Days (as defined hereinafter)
(i.e. until 5 p.m. on September 6, 2013).
LISTING
The Bonds are proposed to be listed on the BSE, the Desi gnated Stock Exchange for the I ssue. The BSE has given its -principl e l isting approval
through i ts l etter dated September 6, 2013.
ISSUE PROGRAMME**
ISSUE OPENS ON: SEPTEMBER 17, 2013 ISSUE CLOSES ON: OCTOBER 14, 2013
** The Issue shall remain open for subscription from 10:00 a.m. till 5:00 PM (Indian Standard Time) for the period mentioned above, with an option for early closure or extension by such period as may be decided by the Board
of Directors or a duly constituted committee thereof, or the Chairman and Managing Director. In the event of such early closure or extension of the subscription list of the Issue, our Company shall ensure that public notice of such
early closure is published on or before the day of such early date of closure through advertisement/s in at least one leading national daily newspaper.
A copy of the Shelf Prospectus and the Prospectus Tranche-I shall be filed with the Registrar of Companies, National Capital Territory of Delhi and Haryana, in terms of section 56 and section 60 of the Companies Act along with
the requisite endorsed/certified copies of all requisite documents. For more information, see the section titled Material Contracts and Documents for Inspection on page165 of the Shelf Prospectus.
4
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
DETAILS RELATING TO ENTITIES ASSOCIATED
WITH THE ISSUE
LEAD MANAGERS TO THE ISSUE
AXIS CAPITAL LIMITED
1st floor, Axis House,
C-2 Wadia International Centre
P.B. Marg, Worli, Mumbai- 400025
Telephone: (+91 22) 4325 2525, Facsimile: (+91 22) 4325 3000
Email ID: [email protected], Website: www.axiscap.in
Investor Grievance ID: [email protected]
Contact Person: Mr. Akash Aggarwal
Compliance Officer: Mr. M. Natarajan
SEBI Registration Number: INM000012029
EDELWEISS FINANCIAL SERVICES LIMITED
14
th
Floor, Edelweiss House,
Off CST Road, Kalina, Mumbai-400098
Telephone: +91 22 40863535, Facsimile: +91 22 4086 3610
Email ID: [email protected]
Website: www.edelweissfin.com
Investor Grievance ID: [email protected]
Contact Person: Ms. Sujaya Moghepadhye/ Mr. Viral Shah
Compliance Officer: Mr. B. Renganathan
SEBI Registration Number: INM0000010650
HDFC BANK LIMITED
Investment Banking Division
Trade World, A Wing, 1st Floor
Kamala Mills Compound
S. B. Marg, Lower Parel (West), Mumbai - 400 013
Telephone: +91 22 3383 9197, Facsimile: +91 22 4080 4114
Email ID: [email protected]
Website: www.hdfcbank.com
Investor Grievance ID: [email protected]
Contact Person: Mr. Amit Kumar Singh
Compliance Officer: Mr. Manoj Nadkarni
SEBI Registration Number: INM000011252
KARVY INVESTOR SERVICES LIMITED
701, Hallmark Business Plaza
Sant Dnyaneshwar Marg
Off Bandra Kurla Complex, Bandra (East)- Mumbai-400051
Telephone: +91 22 6149 1500, Facsimile: +91 22 6149 1515
Email ID: [email protected], Website: www.karvy.com
Investor Grievance ID: [email protected]/[email protected]
Contact Person: Mr. Sumit Singh
Compliance Officer: Mr. V Madhusudhan Rao
SEBI Registration Number: INM000008365
RR INVESTORS CAPITAL SERVICES PRIVATE LIMITED
47, M.M. Road, Rani J hansi Marg
J handewalan, New Delhi 110 055
Telephone: +91 11 2363 6362, Facsimile: +91 11 2363 6746
Email ID: [email protected]
Website: www.rrfinance.com/www.rrfcl.com
Investor Grievance ID: [email protected]
Contact Person: Mr. Anurag Awasthi
Compliance Officer: Mr. Sandeep Mahajan
SEBI Registration Number: INM000007508
CONSORTIUM MEMBERS
EDELWEISS SECURITIES LIMITED
2nd Floor, M.B. Towers, Plot no. 5, Road no. 2
Banjara Hills, Hyderabad 500 034
Telephone: +91 22 6747 1342, Facsimile: +91 22 6747 1347
E-mail ID: [email protected]
Website: www.edelweissfin.com
Investor Grievance ID: [email protected]
Contact Person: Mr. Prakash Boricha
SEBI Registration Number: INB011193332 (BSE)/ INB231193310
(NSE)/ INB261193396 (MCX-SX)
HDFC SECURITIES LIMITED
I Think Techno Campus, Alpha, Building B
Office Floor 8, Opp. Crompton Greaves
Kanjurmarg, Mumbai 400042
Telephone: +91 22 3075 3400/ 3075 3442
Facimile: +91 22 3075 3435
Email ID: [email protected]/[email protected]
Website: www.hdfcsec.com
Investor Grievance ID: [email protected]
Contact Person: Mr. Sunil Raula
SEBI Registration No.: INB011109437 (BSE) and INB231109431 (NSE)
RR EQUITY BROKERS PRIVATE LIMITED
47, M. M. Road, Rani J hansi Marg
J handewalan, New Delhi 110 055
Telephone: +91 11 2350 8473
Facimile: +91 11 2363 6743
Email ID: [email protected]
Website: www.rrfinance.com/ www.rrfcl.com
Investor Grievance ID: [email protected]
Contact Person: Mr. Manish Agrawal
SEBI Registration No.: INB011219632 (BSE) and INB231219636 (NSE)
Karvy Stock Broking Limited
Karvy House, 46, Avenue 4
Street no. 1, Banjara Hills, Hyderabad 500 034
Telephone: +91 40 2331 2454, Facimile: +91 40 6662 1474
Email ID: [email protected], Website: www.karvy.com
Investor Grievance ID: [email protected]
Contact Person: Mr. P. B. Ramapriyan
SEBI Registration No.: INB230770138 (NSE) /INB010770130 (BSE)
5
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
REGISTRAR TO THE ISSUE
KARVY COMPUTERSHARE PRIVATE LIMITED
Plot No. 17 to 24, Vithal Rao Nagar
Madhapur, Hyderabad 500 081, India
Telephone: +91 40 4465 5000, Facsimile +91 40 2343 1551
Email ID: [email protected]
Website: http:\\karisma.karvy.com
Investor Grievance ID: [email protected]
Contact Person: Mr. M. Murali Krishna
SEBI Registration Number: INR000000221
DEBENTURE TRUSTEE
SBICAP TRUSTEE COMPANY LIMITED
Apeejay House, 6
th
Floor
Dinshaw Wacha Road, Churchgate, Mumbai - 400020
Telephone: +91 22 4302 5555, Facsimile: +91 22 4302 5500
Email: [email protected]
Investor Grievance ID: [email protected]
Website: www.sbicaptrustee.com
Contact person: Mr. Ajit J oshi
SEBI Registration No: IND000000536
The Debenture Trustee has consented to act as a debenture trustee
in relation to the Issue under regulation 4(4) of the SEBI Debt
Regulations. See Annexure C on page 310 of the Shelf Prospectus
for the consent letter of the Debenture Trustee.
COMPLIANCE OFFICER
Mr. Rajinder Paul
Executive Director (Finance)
HUDCO Bhawan, Core- 7A, India Habitat Centre
Lodhi Road, New Delhi - 110003
Telephone: +91 11 2464 9610, Facsimile: +91 11 2464 8179
E-mail: [email protected]
Investors can contact the Compliance Officer or the Registrar to
the Issue in case of any pre Issue or post Issue related prob-
lems, such as non-receipt of Allotment Advice, credit of Allotted
Bonds in beneficiary accounts, Bond Certificates (for Applicants
who have applied for Allotment in physical form), refund orders
and interest on the Application Amounts.
STATUTORY AUDITORS
Dhawan & Co., Chartered Accountants
312, Wegmans House, 21Veer Savarkar Block
Shakarpur, Vikas Marg, New Delhi 110 092
Telephone: +91 11 2201 7651/ +91 11 2202 5360
Facsimile: +91 11 4244 5310
Email ID: [email protected]/ [email protected]
Firmregistration no.: 002864N, Auditors since: J uly 29, 2013
LEGAL COUNSEL TO THE COMPANY
Luthra & Luthra Law Offices
103, Ashoka Estate, 24, Barakhamba Road
New Delhi 110 001
Telephone: +91 11 4121 5100, Facsimile: +91 11 2372 3909
ESCROW COLLECTION BANKS / BANKERS TO THE ISSUE
Axis Bank Limited
148, Statesman House, Barakhamba Road, New Delhi 110001
Telephone: +91 11 47425120/ 23311054
Facsimile: +91 11 4530 6565/ 23311054
Email: [email protected]/
[email protected]/ [email protected]
Contact person: Mr. Amit Mishra/ Mr. Ashish Dhall
Website: www.axisbank.com
SEBI Registration Number: INBI00000017
IDBI Bank Limited
Unit No. 2, Corporate Park,
Sion Trombay Road, Chembur, Mumbai - 400 071
Telephone: +91 22 66908402, Facsimile: +91 22 25286173
Email: [email protected], Website:www.idbibank.com
Contact person: Mr. V. J ayananthan
SEBI Registration Number: INB100000076
State Bank of India*
Capital Market Branch, Videocon Heritage,
Ground Floor, Charanjit Rai Marg, Mumbai
Telephone: +91 22 22094925, Facsimile: +91 22 22094921
Email: [email protected], Website:www.statebankofindia.com
Contact person: Mr. D.B.Surti
SEBI Registration Number: INB100000038*
HDFC Bank Limited
FIG-OPS Department, Lodha I Think Techno Campus,O-3level,
Next to Kanjurmarg Station, Kanjurmarg (East), Mumbai - 400 042.
Telephone: +91 22 30752927/ 30752914, Facsimile: +91 22 25799801
Email: [email protected]/ [email protected]
Contact person: Mr. Siddharth J adhav/ M. Uday Dixit
Website:www.hdfcbank.com
SEBI Registration Number: INB100000063
ICICI Bank Limited
Capital Markets Division, 1st Floor,
122, Mistry Bhavan, Dinshaw Vachha Road,
Backbay Reclamation, Churchgate, Mumbai - 400 020
Telephone: +91 22 66310322, Facsimile: +91 22 22611138
Email: [email protected], Website:www.icicibank.com
Contact person: Mr. Anil Gadoo
SEBI Registration Number: INBI00000004
IndusInd Bank Limited
Cash Management Services, Solitaire Park,
No. 1001, Building No. 10, Ground Floor,
Guru Hargovindji Marg, Andheri (East), Mumbai - 400093
Telephone: +91 22 67723901 to 3917, Facsimile: +91 22 6772 3998
Email: [email protected]
Website:www.indusind.com
Contact person: Mr. Sanjay Vasarkar
SEBI Registration Number: INBI00000002
Kotak MahindraBank Limited
Kotak Infiniti, 6th Floor,
Building No. 21, Infinity Park, Off Western Express Highway
General A.K.Vaidya Marg, Malad (E), Mumbai - 400 097
Telephone: +91 22 66056959, Facsimile: +91 22 66466540
Email: [email protected], Website:www.kotak.com
Contact person: Mr. Prashant Sawant
SEBI Registration Number: INBI00000927
6
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
Yes Bank Limited
IFC, Tower 2, 8th Floor,
Senapati Bapat Marg, Elphinstone (W), Mumbai - 400013
Telephone: +91 22 33477251, Facsimile: +91 22 24214504
Email: [email protected], Website:www.yesbank.in
Contact person: Mr. Shankar Vichare/Mr. Paresh Kulkarni
SEBI Registration Number: INBI00000935
*
The SEBI registration of State Bank of India as a Banker to the
Issue expired on November 30, 2012. State Bank of India has
applied for renewal of its registration certificate on November
27, 2012 prior to the expiry of its registration. The approval of
SEBI in this regard is awaited.
REFUND BANKS
Axis Bank Limited
Axis Bank Limited, 148,
Statesman House, Barakhamba Road, New Delhi-110 001
Telephone: +91 11 47425120/ 9818333691/9911591303
Facsimile: +91 11 43506565/ 23311054
Email: [email protected]/
[email protected]/[email protected]
Contact person: Mr. Amit Mishra, Mr. Ashish Dhall
Website:www.axisbank.com
SEBI Registration Number: INB100000017
IDBI Bank Limited
Unit No. 2, Corporate Park,
Sion Trombay Road, Chembur, Mumbai 400 071
Telephone: +91 22 66908402, Facsimile: +91 22 25286173
Email: [email protected], Website:www.idbibank.com
Contact person: Mr. V. J ayananthan
SEBI Registration Number: INB100000076
SELF CERTIFIED SYNDICATE BANKS
The banks which are registered with SEBI under the Securities
and Exchange Board of India (Bankers to an Issue) Regulations,
1994 and offer services in relation to ASBA, including blocking of
an ASBA Account, a list of which is available on http://
www.sebi.gov.in/sebiweb/home/list/5/33/0/0/Recognised-Interme-
diaries or at such other website as may be prescribed by SEBI
fromtime to time.
CREDIT RATING AGENCIES
Credit Analysis & Research Limited
3
rd
Floor, B 47, Inner Circle, Connaught Place
Near Plaza Cinema, New Delhi 110 001
Telephone: +91 11 4533 3245, Facsimile: +91 11 4533 3238
Email: [email protected]
Website: http://www.careratings.com
Contact person: Ms. J yotsna Gadgil
SEBI Registration No.: IN/CRA/004/1999
Indian Ratings and Research Private Limited
Wockhardt Towers, 4
th
Floor
Bandra Kurla Complex, Bandra (East), Mumbai 400 051
Telephone: +91 22 4000 1700, Facsimile: +91 22 400 1701
Email: [email protected]
Contact person: Shrikant Dev
Website: www.indianratings.co.in
SEBI Registration No.: IN/CRA/002/1999
DISCLAIMER
Participation of any of the aforementioned categories of persons
or entities is subject to the applicable statutory and/or regulatory
requirements in connection with the subscription to Indian secu-
rities by such categories of persons or entities. Applicants are
advised to ensure that Applications made by themdo not exceed
the investment limits or maximumnumber of Bonds that can be
held by themunder applicable statutory and or regulatory provi-
sions. Applicants are advised to ensure that they have obtained
the necessary statutory and/or regulatory permissions/consents/
approvals in connection with applying for, subscribing to, or seek-
ing Allotment of Bonds pursuant to the Issue. The Lead Manag-
ers and their respective associates and affiliates are permitted to
subscribe in the Issue. Applicants are advised to read the Shelf
Prospectus and the relevant Prospectus Tranche-I filed with Reg-
istrar of Companies and the general instructions contained in this
application formcarefully and to satisfy themselves of the disclo-
sures before making an application for subscription. Unless oth-
erwise specified, all the terms used in this Application Formhave
the same meaning as in the Prospectus. For a copy of the Pro-
spectus, the applicant may request us and/or the Lead Managers.
Further investors are advised to retain the copy of the Prospec-
tus/Abridged Prospectus for their future reference. Please fill in
the Formin English using BLOCK letters. Investors should care-
fully choose the Series of Bonds they wish to apply for. For de-
tails, please refer to section Terms of the Issue on page [*] of the
Prospectus Tranche-I.
OBJECTS OF THE ISSUE 7
ISSUE PROCEDURE 7
PAYMENT INSTRUCTIONS 16
OTHER INSTRUCTIONS 27
DETAILS PERTAINING TO THE COMPANY 30
LEGAL AND OTHER INFORMATION 32
RISK FACTORS 36
DECLARATION 38
CENTERS FOR AVAILABILITY AND ACCEPTANCE 39
OF APPLICATION FORMS
LIST OF SELF CERTIFIED SYNDICATE BANKS 47
(SCSBS) UNDER THE ASBA PROCESS
TABLE OF CONTENTS
7
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
DETAILS PERTAINING TO THE ISSUE
OBJECTS OF THE ISSUE
1. Issue Proceeds
The CBDT has, by the CBDT Notification, authorised our Com-
pany to raise the Bonds aggregating to ` 5,000.00 crores out of
which our Company has already raised an amount of ` 190.80
crores on a private placement basis through a disclosure docu-
ment dated August 30, 2013 and a resolution of the Resource
Committee (sub-committee of the Board) on September 2, 2013.
Our Company proposes to raise the balance amount of ` 4,809.20
crores
*
through a public issue of the Bonds in one or more tranches
prior to March 31, 2014.
*
In terms of the CBDT Notification, in addition to the tranche(s)
of public issue, our Company may also raise Bonds on a private
placement basis in one or more tranches during the process of
the present Issue, not exceeding ` 1,500 crores, i.e. upto 30% of
the allocated limit for raising funds through the Bonds during
the Fiscal 2014, at its discretion, wherein suitable amounts
shall be earmarked for subscription by Sovereign Wealth Funds,
Pension and Gratuity Funds. Our Company shall ensure that
Bonds issued through the public issue route and private place-
ment route shall together not exceed ` 4,809.20 crores. In case
our Company raises funds through private placements during
the process of the present Issue, the Shelf Limit for the Issue
shall get reduced by such amount raised.
In terms of the Foreign Exchange Management (Borrowing and
Lending in Rupees) Regulations, 2000 (the FEMA Borrowing
Regulations), monies borrowed in Indian rupees frompersons
resident outside India (as defined in FEMA) cannot be utilised
for re-lending activities. Consequently, subscription monies raised
through the Issue fromFIIs, Eligible NRIs, Eligible QFIs and other
non resident Applicants across all Categories shall not be utilised
for relending activities and our Company shall keep all sub-
scription monies received fromFIIs, Eligible NRIs, Eligible QFIs
and all other non resident Applicants across all Categories in a
separate account opened and maintained by the Company, the
proceeds of which account shall not be utilised for any lending
purposes in terms of Regulation 6(2) of the FEMA Borrowing
Regulations, and shall be utilized for the following purposes:
(a) Debt servicing, which includes servicing of both the principal
amounts as well as interest payments of various debt facilities
availed by our Company in the past and currently outstand-
ing in its books of accounts, including loans, market borrow-
ings (which include our non-convertible bonds/ debentures);
(b) Statutory payments;
(c) Establishment and administrative expenses;
(d) Other working capital requirements of our Company; and
(e) Any other purposes and end-uses as may be allowed by RBI
fromtime to time through relevant regulations/guidelines/clari-
fications issued by RBI.
The main objects clause of the Memorandumof Association per-
mits our Company to undertake its existing activities as well as
the activities for which the funds are being raised through the
Issue. Further, in accordance with the SEBI Debt Regulations, our
Company is required to not utilize the proceeds of the Issue for
providing loans to or acquisition of shares of any person who is
a part of the same group as our Company or who is under the
same management as our Company or any subsidiary of our Com-
pany. Our Company does not have any subsidiary. Further, our
Company is a public sector enterprise and as such, there are no
identifiable group companies or companies under the same man-
agement.
The Issue proceeds shall not be utilized towards full or part con-
sideration for the purchase or any other acquisition, among other
things, by way of a lease, of any property.
2. Interim use of Proceeds
The Board of Directors, in accordance with the policies formu-
lated by themfromtime to time, will have flexibility in deploying
the proceeds received fromthe Issue. Pending utilization of the
proceeds out of the Issue for the purposes described above, our
Company intends to temporarily invest funds in deposits with
banks or as may be approved by the Board. Such investment
would be in accordance with the Board approved guidelines pre-
pared on the basis of directions received fromDPE.
3. Monitoring of Utilization of Funds
There is no requirement for appointment of a monitoring agency
in terms of the SEBI Debt Regulations. TheBoard of Directors of
our Company shall monitor the utilisation of the proceeds of the
Issue. Our Company will disclose in our Companys financial state-
ments for the relevant financial year commencing fromFiscal 2014,
theutilization of the proceeds of the Issue under a separate head
along with details, if any, in relation to all such proceeds of the
Issue that have not been utilized thereby also indicating invest-
ments, if any, of such unutilizedproceeds of the Issue. Further, in
accordance with the Debt Listing Agreement, our Company will
furnish to the BSE on a half yearly basis, a statement indicating
material deviations, if any, in the use of Issue proceeds and shall
also publish the same in newspapers simultaneously with the
half-yearly financial results. We shall utilize the proceeds of the
Issue only upon execution of the documents for creation of secu-
rity as stated in the Prospectus Tranche I in the section titled
Terms of the Issue on page 43 and upon the listing of the Bonds.
ISSUE PROCEDURE
This section applies to all Applicants. ASBA Applicants and Ap-
plicants applying through the Direct Online Application Mecha-
nism(as defined hereinafter) should note that the ASBA process
and the Direct Online Application Mechanisminvolves applica-
tion procedures that are different fromthe procedure applicable
to all other Applicants. Please note that all Applicants are re-
quired to pay the full Application Amount or ensure that the ASBA
Account has sufficient credit balance such that the entire Appli-
cation Amount can be blocked by the SCSB while making an
Application. In case of ASBA Applicants, an amount equivalent
to the full Application Amount will be blocked by the SCSBs in
the relevant ASBA Accounts.
ASBA Applicants should note that they may submit their ASBA
Applications to the Members of the Syndicate or Trading Mem-
bers only at the Syndicate ASBA Application Locations, or di-
rectly to the Designated Branches of the SCSBs. Applicants other
than ASBA Applicants are required to submit their Applications
to the Members of the Syndicate or Trading Members (at the
application centres of the Members of the Syndicate will be men-
tioned in the Application Form) or make online Applications
using the online payment gateway of the relevant Stock
Exchange(s).
Applicants are advised to make their independent investigations
and ensure that their Applications do not exceed the investment
limits or maximumnumber of Bonds that can be held by them
under applicable law or as specified in the Shelf Prospectus and
the Prospectus Tranche I.
Please note that this section has been prepared based on the
circular no. CIR./IMD/DF-1/20/2012 dated J uly 27, 2012 issued by
SEBI (Debt Application Circular). The procedure mentioned in
this section is subject to the Stock Exchange(s) putting in place
8
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
the necessary systems and infrastructure for implementation of
the provisions of the abovementioned circular, including the sys-
tems and infrastructure required in relation to Applications made
through the Direct Online Application Mechanismand the online
payment gateways to be offered by the Stock Exchange(s) and
accordingly is subject to any further clarifications, notification,
modification, direction, instructions and/or correspondence that
may be issued by the Stock Exchange(s) and/or SEBI.
The Members of the Syndicate and the Company shall not be
responsible or liable for any errors or omissions on the part of
trading members in connection with the responsibility of Trading
Members in relation to collection and upload of Applications in
this issue on the electronic application platformprovided by the
relevant Stock Exchange(s). Further the relevant Stock Exchange(s)
will be responsible for addressing investor grievances arising
fromapplications through Trading Members.
PROCEDURE FOR APPLICATION
4. Availability of the Abridged Prospectus and Application Forms
Please note that there is a single Application Formfor ASBA
Applicants as well as non-ASBA Applicants who are persons
resident in India. There is a separate Application Formfor Appli-
cants (ASBA Applicants and non-ASBA Applicants) who are
FIIs, Eligible NRIs, Eligible QFIs and all other non-resident Appli-
cants across all Categories applying for Bonds on repatriation or
a non-repatriation basis.
Copies of the Abridged Prospectus containing the salient fea-
tures of the Prospectus Tranche I together with Application
Forms may be obtained fromour Registered Office, the Lead Man-
agers, the ConsortiumMembers and the Designated Branches of
the SCSBs. Additionally the Prospectus Tranche I and the Ap-
plication Forms will be available for download on the website of
the Designated Stock Exchange at www.bseindia.comand other
relevant Indian stock exchanges, the websites of the Lead Man-
agers at www.axiscap.in, www.edelweissfin.com,
www.hdfcbank.com, www.karvy.com, and www.rrfinance.com/
www.rrfcl.comrespectively.
Electronic Application Forms will also be available on the website
of the relevant Stock Exchange(s). A hyperlink to the website of
the relevant Stock Exchanges(s) for this facility will be provided
on the website of the Lead Managers and the SCSBs.
Trading Members can download Application Forms from the
website of the relevant Stock Exchange(s). Further, Application
Forms will also be provided to Trading Members at their request.
The prescribed colour of the Application Formfor the Applicants
is as follows:
Category Colour of the
Application Form
Resident I ndians (ASBA and non-ASBA Applicants) Whi te
FI Is (including Sovereign Wealth Funds, Pension Blue
Funds and Gratuity Funds registered as FI Is with
SEBI ), Eligible NRIs (applying on a repatriation as
well as non-repatriation basis), Eligible QFI s and any
other non-resident Applicant across all Categories.
5. Who can apply?
The following categories of persons are eligible to apply in the
Issue.
Category I
Public Financial Institutions, scheduled commercial banks,
multilateral and bilateral development financial institutions,
state industrial development corporations, which are
authorised to invest in the Bonds;
Provident funds and pension funds with minimumcorpus of `
25 crores, which are authorised to invest in the Bonds;
Insurance companies registered with the IRDA;
Foreign Institutional Investors and sub-accounts (other than
a sub account which is a foreign corporate or foreign indi-
vidual) registered with SEBI, including Sovereign Wealth
Funds, Pension and Gratuity Funds registered with SEBI as
Foreign Institutional Investors;
National Investment Fund (set up by resolution no. F. No. 2/3/
2005-DDII dated November 23, 2005 of the Government of
India and published in the Gazette of India);
Insurance funds set up and managed by the army, navy or air
force of the Union of India or set up and managed by the
Department of Posts, India;
Mutual funds registered with SEBI; and
Alternative Investment Funds, subject to investment condi-
tions applicable to themunder the Securities and Exchange
Board of India (Alternative Investment Funds) Regulations,
2012.
Category II
Companies within the meaning of section 3 of the Companies
Act
*
;
Statutory bodies/corporations
*
;
Cooperative banks;
Public/ private/ religious trusts;
Limited Liability Partnerships;
Eligible QFIs (not being individuals);
Regional rural banks;
Societies registered under applicable laws in India and
authorised to invest in the Bonds;
Associations of persons;
Partnership firms in the name of partners; and
Any other foreign/ domestic legal entities/ persons as may be
permissible under the CBDT Notification and authorised to
invest in the Bonds in terms of applicable laws.
*
The MCA has, through its circular (General Circular No. 06/
2013) dated March 14, 2013, clarified that companies investing
in tax-free bonds wherein the effective yield on the bonds ex-
ceeds the yield on the prevailing bank rate will not be in viola-
tion of section 372A(3) of the Companies Act.
Category III
The following Investors applying for an amount aggregating to
above ` 10 lakhs across all Series of Bonds in the Issue:
Resident Indian individuals;
Eligible NRIs on a repatriation or non repatriation basis;
Hindu Undivided Families through the Karta; and
Eligible QFIs, being individuals.
Category IV
The following Investors applying for an amount aggregating to
up to and including ` 10 lakhs across all Series of Bonds in the
Issue:
Resident Indian individuals;
Eligible NRIs on a repatriation or non repatriation basis;
Hindu Undivided Families through the Karta; and
Eligible QFIs, being individuals.
Participation of any of the aforementioned categories of persons
or entities is subject to the applicable statutory and/or regulatory
requirements in connection with the subscription to Indian secu-
rities by such categories of persons or entities.
An FII, Eligible NRI, Eligible QFI or any other non-resident Appli-
9
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
cant applying in the Issue must not be (i) based in the United
States of America (USA), and/or, (ii) domiciled in the USA, and/
or, (iii) residents/citizens of the USA, and/or, (iv) subject to any
taxation laws of the USA.
Applicants are advised to ensure that they have obtained the nec-
essary statutory and/or regulatory permissions/consents/ap-
provals in connection with applying for, subscribing to, or seek-
ing allotment of Bonds pursuant to the Issue.
The Lead Managers and their respective associates and affiliates
are permitted to subscribe in the Issue.
The information below is given for the benefit of Applicants. Our
Company and the Lead Managers are not liable for any amend-
ment or modification or changes in applicable laws or regulations,
which may occur after the date of the Shelf Prospectus.
6. Who cannot apply
Applications cannot be made by:
a) Minors without a guardian name (A guardian may apply on
behalf of a minor. However, Applications by minors must be
made through Application Forms that contain the names of
both the minor Applicant and the guardian);
b) Foreign nationals, except as may be permissible under the
CBDT Notification or under the applicable law;
c) Non resident Investors, including FIIs, NRIs and QFIs who
are (i) based in the USA, and/or, (ii) domiciled in the USA, and/
or, (iii) residents/citizens of the USA, and/or, (iv) subject to
any taxation laws of the USA;
d) Overseas Corporate Bodies;
e) Indian Venture Capital Funds;
f) Foreign Venture Capital Investors; and
g) Persons ineligible to contract under applicable statutory/ regu-
latory requirements.
In case of Applications for Allotment of the Bonds in dematerialised
form, the Registrar shall verify the above on the basis of the
records provided by the Depositories based on the DP ID and
Client ID provided by the Applicants in the Application Formand
uploaded onto the electronic system of the relevant Stock
Exchange(s) by the Members of the Syndicate, SCSBs or the Trad-
ing Members, as the case may be.
Nothing in the Shelf Prospectus constitutes an offer of Bonds for
sale in the United States or any other jurisdiction where it is un-
lawful to do so. The Bonds have not been, and will not be, regis-
tered under the U.S. Securities Act of 1933, as amended (the Secu-
rities Act), or the securities laws of any state of the United States
or other jurisdiction and the Bonds may not be offered or sold
within the United States or to, or for the account or benefit of, U.S.
Persons (as defined in Regulation S under the Securities Act)
except pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act and
applicable state securities laws. The Issuer has not registered and
does not intend to register under the U.S. Investment Company
Act, 1940 in reliance on section 3(c)(7) thereof. The Shelf Pro-
spectus may not be forwarded or distributed to any other person
and may not be reproduced in any manner whatsoever, and in
particular, may not be forwarded to any U.S. Person or to any U.S.
address.
No offer to the public (as defined under Directive 20003/71/EC,
together with any amendments and implementing measures
thereto, (the Prospectus Directive) has been or will be made in
respect of the Issue or otherwise in respect of the Bonds, in any
member State of the European Economic Area which has imple-
mented the Prospectus Directive except for any such offer made
under exemptions available under the Prospectus Directive, pro-
vided that no such offer shall result in a requirement to publish or
supplement a prospectus pursuant to the Prospectus Directive,
in respect of the Issue or otherwise in respect of the Bonds.
Any forwarding, distribution or reproduction of this document in
whole or in part is unauthorised. Failure to comply with this direc-
tive may result in a violation of the Securities Act or the applicable
laws of other jurisdictions. Any investment decision should be
made on the basis of the final terms and conditions of the bonds
and the information contained in the Prospectus Tranche I.
7. Methods of Application
An eligible Investor may apply in the Issue through one of the
following methods:
1. Applications through the ASBA process; and
2. Non-ASBA Applications.
Note Applicants are requested to note that in terms of the Debt
Application Circular, SEBI has mandated issuers to provide,
through a recognized stock exchange which offers such a facil-
ity, an online interface enabling direct application by investors
to a public issue of their debt securities with an online payment
facility (Direct Online Application Mechanism). In this re-
gard, SEBI has, through the Debt Application Circular, directed
recognized stock exchanges in India to put in necessary systems
and infrastructure for the implementation of the Debt Applica-
tion Circular and the Direct Online Application Mechanism. In
the event that the relevant Stock Exchanges put in necessary
systems, infrastructure and processes in place so as to enable
the adoption of the Direct Online Application Mechanism prior
to the Issue Opening Date, we shall offer eligible investors desir-
ous of applying in the Issue the option to make Applications
through the Direct Online Application Mechanism.
If such systems, infrastructures or processes are put in place by
the relevant Stock Exchange(s) after the filing of the Prospectus
Tranche I but prior to the Issue Opening Date, the methods and
procedure for relating to the Direct Online Application Mecha-
nism shall be widely disseminated by us through a public notice
in a reputed national daily newspaper.
Applications through the ASBA process
Please note that application through ASBA is optional for all
categories of Applicants.
Applicants who wish to apply through the ASBA process by
filling in physical Application Forms will have to select the ASBA
mechanismin the Application Forms and provide necessary de-
tails. Applicants can submit their Applications through the ASBA
process by submitting the Application Forms to the Designated
Branch of the SCSB with whomthe ASBA Account is maintained
or through the Members of the Syndicate or Trading Members
(ASBA Applications through the Members of the Syndicate and
Trading Members shall hereinafter be referred to as the Syndi-
cate ASBA), prior to or on the Issue Closing Date. ASBA Appli-
cations through the Members of the Syndicate and Trading Mem-
bers is permitted only at the Syndicate ASBA Application Loca-
tions (Mumbai, Chennai, Kolkata, Delhi, Ahmedabad, Rajkot,
Jaipur, Bangalore, Hyderabad, Pune, Vadodara and Surat). Kindly
note that Application Forms submitted by ASBA Applicants to
Members of the Syndicate and the Trading Members at the Syn-
dicate ASBA Application Locations will not be accepted if the
SCSB with which the ASBA Account, as specified in the Applica-
tion Formis maintained has not named at least one branch at that
location for the Member of the Syndicate or the Trading Members
to deposit the Application Form(A list of such branches is avail-
able at http://www.sebi.gov.in/sebiweb/home/list/5/33/0/0/
Recognised-Intermediaries).
Members of the Syndicate and Trading Members shall, upon re-
10
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
ceipt of Application Forms fromASBA Applicants, upload the
details of these Application Forms to the online platformof the
relevant Stock Exchange(s) and submit these Application Forms
with the SCSB with whomthe relevant ASBA Accounts are main-
tained in accordance with the Debt Application Circular. The SCSB
shall block an amount in the ASBA Account equal to the Applica-
tion Amount specified in the Application Form.
ASBA Applications in electronic mode will only be available with
such SCSBs who provide such an electronic facility. In case of
ASBA Applications in such electronic form, the ASBA Applicant
shall submit the Application Formwith instruction to block the
Application Amount either through the internet banking facility
available with the SCSB, or such other electronically enabled
mechanismfor applying and blocking funds in the ASBA Ac-
count held with SCSB, as would be made available by the con-
cerned SCSB.
Our Company, our directors, affiliates, associates and their re-
spective directors and officers, Lead Managers and the Registrar
shall not take any responsibility for acts, mistakes, errors, omis-
sions and commissions etc. in relation to ASBA Applications ac-
cepted by SCSBs and Trading Members, Applications uploaded
by SCSBs, Applications accepted but not uploaded by SCSBs or
Applications accepted and uploaded without blocking funds in
the ASBA Accounts. It shall be presumed that for Applications
uploaded by SCSBs, the Application Amount has been blocked in
the relevant ASBA Account. Further, aall grievances against Trad-
ing Members in relation to the Issue should be made by Appli-
cants directly to the relevant Stock Exchange(s).
Please note that you cannot apply for the Bonds through the
ASBA process if you wish to be Allotted the Bonds in physical
form.
Non-ASBA Applications
(i) Non- ASBA Applications for Allotment of the Bonds in
dematerialised form
Applicants may submit duly filled in Application Forms either in
physical or downloaded Application Forms to the Members of
the Syndicate or the Trading Members accompanied by account
payee cheques/ demand drafts prior to or on the Issue Closing
Date. The Members of the Syndicate and Trading Members shall,
upload the non-ASBA Application on the online platformof the
relevant Stock Exchange(s), following which they shall acknowl-
edge the uploading of the Application Formby stamping the ac-
knowledgment slip with the date and returning it to the Applicant.
This acknowledgment slip shall serve as the duplicate of the Ap-
plication Formfor the records of the Applicant and the Applicant
should preserve this and should provide the same for any griev-
ances relating to their Applications.
Upon uploading the Application on the online platformof the
relevant Stock Exchange(s), the Members of the Syndicate and
Trading Members will submit the Application Forms, along with
the payment instruments to the Escrow Collection Banks, which
will realise the payment instrument, and send the Application
details to the Registrar. The Members of the Syndicate/ Trading
Members are requested to note that all payment instruments are
required to be banked with only the banking branches of the
Escrow Collection Banks, details of which will be available at the
websites of the Lead Managers at www.axiscap.in,
www.edelweissfin.com, www.hdfcbank.com, www.karvy.comand
www.rrfinance.com/www.rrfcl.com, respectively (A link for the said
websites will be available at the website of the BSE at
www.bseindia.comand other relevant Indian stock exchanges at
their respective websites). Accordingly, Applicants are requested
to note that they must submit Application Forms to Trading Mem-
bers who are located in towns/ cities which have at least one
banking branch of the Escrow Collection Banks. The Registrar
shall match the Application details as received fromthe online
platformof the relevant Stock Exchange(s) with the Application
Amount details received fromthe Escrow Collection Banks for
reconciliation of funds received fromthe Escrow Collection Banks.
In case of discrepancies between the two data bases, the details
received fromthe online platformof the relevant Stock Exchange(s)
will prevail. Upon Allotment, the Registrar will credit the Bonds in
the demat accounts of the successful Applicants as mentioned in
the Application Form.
Please note that neither our Company, nor the Members of the
Syndicate, nor the Registrar shall be responsible for redressal of
any grievances that Applicants may have in regard to the non-
ASBA Applications made to the Trading Members, including,
without limitation, relating to non-upload of the Applications data.
All grievances against Trading Members in relation to the Issue
should be made by Applicants to the relevant Stock Exchange(s).
(ii) Non- ASBA Applications for Allotment of the Bonds in physi-
cal form
Applicants (except for Eligible QFIs) can also apply for Allotment
of the Bonds in physical formby submitting duly filled in Applica-
tion Forms to the Members of the Syndicate or the Trading Mem-
bers, along with the accompanying account payee cheques or
demand drafts representing the full Application Amount and KYC
documents as specified in the sections titled Issue Procedure
Applications by various Applicant Categories and Issue Pro-
cedure - Additional instructions specific for Applicants seeking
Allotment of the Bonds in physical form at pages 62 and 76 of
the Prospectus Tranche -1, respectively. The Members of the
Syndicate and Trading Members shall, upon submission of the
Application Forms to them, verify and check the KYC documents
submitted by such Applicants and upload details of the Applica-
tion on the online platformof the relevant Stock Exchange(s),
following which they shall acknowledge the uploading of the
Application Formby stamping the acknowledgment slip with the
date and returning it to the Applicant. This acknowledgment slip
shall serve as the duplicate of the Application Formfor the records
of the Applicant and the Applicant shall preserve this and should
provide the same for any queries relating to non-Allotment of
Bonds in the Issue.
Upon uploading of the Application details, the Members of the
Syndicate and Trading Members will submit the Application
Forms, along with the payment instruments to the Escrow Collec-
tion Banks, which will realise the payment instrument, and send
the Application Formand the KYC documents to the Registrar.
The Registrar shall check the KYC documents submitted and
match Application details as received fromthe online platformof
the relevant Stock Exchange(s) with the Application Amount de-
tails received fromthe Escrow Collection Banks for reconciliation
of funds received fromthe Escrow Collection Banks. In case of
discrepancies between the two data bases, the details received
fromthe online platformof the relevant Stock Exchange(s) will
prevail. The Members of the Syndicate/ Trading Members are
requested to note that all Applicants are required to be banked
with only the banking branches of Escrow Collection Banks, de-
tails of which will be available at the websites of the Lead Manag-
ers at www.axiscap.in, www.edelweissfin.com, www.hdfcbank.com,
www.karvy.comand www.rrfinance.com/www.rrfcl.com, respec-
tively (A link for the said websites will be available at the website
of the BSE at www.bseindia.comand other Indian stock exchanges
at their respective websites). Accordingly, Applicants are re-
quested to note that they must submit Application Forms to Trad-
ing Members who are located in towns/ cities which have at least
one banking branch of the Escrow Collection Banks. Upon Allot-
11
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
ment, the Registrar will dispatch Bond Certificates to the success-
ful Applicants to their addresses as provided in the Application
Form. Please note that, in the event that KYC documents of an
Applicant are not in order, the Registrar will withhold the dis-
patch of Bond Certificates pending receipt of complete KYC docu-
ments from such Applicant. In such circumstances, successful
Applicants should provide complete KYC documents to the Reg-
istrar at the earliest.
Please note that in such an event, any delay by the Applicant to
provide complete KYC documents to the Registrar will be at the
Applicants sole risk and neither our Company, the Registrar,
the Escrow Collection Banks, or the Members of the Syndicate,
will be liable to compensate the Applicants for any losses caused
to them due to any such delay, or liable to pay any interest on the
Application Amounts for such period during which the Bond
Certificates are withheld by the Registrar. Further, our Com-
pany will not be liable for any delays in payment of interest on the
Bonds allotted to such Applicants, and will not be liable to com-
pensate such Applicants for any losses caused to them due to any
such delay, or liable to pay any interest for such delay in payment
of interest on the Bonds.
Further, please note that Eligible QFIs cannot apply for Allotment
of the Bonds in physical form. For further information, see the
section titled Issue Procedure Applications by various Appli-
cant Categories Applications by Eligible QFIs on page 65 of
the Prospectus Tranche -1.
Members of the Syndicate or Trading Members are also required
to ensure that the Applicants are competent to contract under the
Indian Contract Act, 1872 including minors applying through
guardians, at the time of acceptance of the Application Forms.
To supplement the foregoing, the mode and manner of Applica-
tion and submission of Application Forms is illustrated in the
following chart.
Mode of Application
*
To whom the Application Form has to be submitted
ASBA Applications (i ) to the Members of the Syndicate only at the
Syndicate ASBA Application Locations; or
(i i) to the Designated Branches of the SCSBs
where the ASBA Account is maintained; or
(ii i) to Trading Members only at the Syndicate
ASBA Application Locations.
Non- ASBA (i ) to the Members of the Syndicate; or
Appl i cations (i i) to Trading Members.
Please note that Eligible QFIs cannot make Applications for
Allotment of the Bonds in physical form.
8. Application Size
Applications are required to be for a minimumof five Bonds and
multiples of one Bond thereafter.
APPLICATIONS BY VARIOUS APPLICANT CATEGORIES
9. Applications by FIIs
^
An FII who purchases the Bonds under this Issue shall make the
payment for purchase of such securities either by inward remit-
tance through normal banking channels or out of funds held in
Foreign Currency Account or Non-resident Rupee Account main-
tained by such FII with a designated branch of an authorized
dealer in terms of the applicable regulations governing the same.
Applications by FIIs for Allotment of the Bonds in physical form
must be accompanied by certified true copies of (i) its SEBI regis-
tration certificate; (ii) an inward remittance certificate; (iii) a reso-
lution authorising investment in the Bonds; and (iv) specimen
signatures of authorised persons.
Investments by FIIs
Investments by FIIs in the Issue will be restricted by various
circulars issued by SEBI and RBI providing for corporate debt
limits. In particular, the SEBI circular bearing reference No. CIR/
IMD/FIIC/6/2013, dated April 1, 2013 provides that the following
categories of debt limits shall be merged into a single category
named Corporate Debt:
1. Corporate debt Old for FIIs (US$ 20 billion).
2. Corporate debt Old for QFIs (US$ 1 billion).
3. Corporate debt Long Term(US$ 5 billion).
4. Corporate debt in relation to the long terminfrastructure sec-
tor (US$ 12 billion).
5. Investment by QFIs in debt mutual fund schemes which in-
vest in the infrastructure sector (US$ 3 billion).
6. Investment in Infrastructure Debt Funds (US$ 10 billion).
The combined limit for FIIs in the Corporate Debt category is US$
51 billion, as provided in the table below.
Type of Investment cap El igible Remarks
Instrument (US$ billion) Investors
GovernmentDebt 25 FIIs andQFIs Eligibleinvestors may investin
Treasury Bills only upto US$5.5billion
withinthelimit of US$25billion
CorporateDebt 51 FIIs andQFIs Eligibleinvestors may investin
Commercial Papers only upto US$3.5
billionwithinthelimit of US$51billion
The RBI has, through its circular (bearing RBI/2012-13/391) dated
J anuary 24, 2013 enhanced the limit for investment by FIIs in the
government debt (long term) category by US$ 5 billion to US$ 15
billion and the corporate non-infrastructure debt category by US$
5 billion. In terms of the aforesaid RBI circular, the changes are
summarized below:
a) In the government debt (long term), the provision regarding 3
years residual maturity at the time of first purchase shall no
longer be applicable. However, within this category, FIIs shall
not be allowed to invest in short termpaper like treasury bills.
b) In terms of the aforesaid circular, the limit of US$ 5 billion in
the corporate non-infrastructure debt shall not be available
for investment in certificate of deposits and commercial paper.
Investments in certificate of deposits are not permitted within
the limit of US$ 20 billion.
c) The US $ 1 billion limit for QFIs shall continue to be over and
above the revised limit of US$ 25 billion available for FII in-
vestment in corporate non-infrastructure debt.
d) For the US$ 12 billion sub-category for investment in corpo-
rate long term infrastructure bonds, the following changes
have been made :
(i) The restriction of 1 year lock-in period has been removed.
(ii) The 5 year initial maturity restriction has been removed.
At the time of first purchase by FIIs, the residual maturity
shall be 15 months.
e) For the sub-category of US$ 10 billion reserved for FII invest-
ments in Infrastructure Debt Funds, the restriction of 1 year
lock-in has been removed. The requirement of residual matu-
rity of 15 months at the time of first purchase remains un-
changed.
f) Through its circular (bearing CIR/IMD/FII&C/18/2012) dated
J uly 20, 2012, SEBI had permitted QFIs to invest in those debt
mutual fund schemes that hold at least 25% of their assets
(either in debt or equity or both) in the infrastructure sector
under the US$ 3 billion investment limit for debt mutual fund
schemes. These schemes were required to invest in infrastruc-
ture debt having a minimumresidual maturity of 5 years. This
restriction of 5 years residual maturity has been removed while
the restriction of 3 years initial maturity has been introduced.
g) All the above changes in lock-in, initial maturity and residual
12
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
maturity requirements shall apply for investments by FIIs and
Sub-Accounts in debt securities to be made after the date of
this circular.
Subject to compliance with all applicable Indian laws, rules, regu-
lations guidelines and approvals in terms of regulation 15A(1) of
the Securities and Exchange Board of India (Foreign Institutional
Investors) Regulations, 1995 (the SEBI FII Regulations), an FII
(as defined in the SEBI FII Regulations), may issue or otherwise
deal in offshore derivative instruments (as defined under the SEBI
FII Regulations as any instrument, by whatever name called, which
is issued overseas by an FII against securities held by it that are
listed or proposed to be listed on any recognized stock exchange
in India, as its underlying) directly or indirectly, only in the event
(i) such offshore derivative instruments are issued only to per-
sons who are regulated by an appropriate regulatory authority;
and (ii) such offshore derivative instruments are issued after com-
pliance with know your client norms. An FII is also required to
ensure that no further issue or transfer of any offshore derivative
instrument is made by or on behalf of it to any persons that are
not regulated by an appropriate foreign regulatory authority as
defined under the SEBI FII Regulations.
10. Applications by NRIs
^
We propose to issue Bonds to Eligible NRIs on a repatriable as
well as non-repatriable basis. Eligible NRI Applicants should note
that only such Applications as are accompanied by payment in
Indian Rupees only shall be considered for Allotment. An Eligible
NRI can apply for Bonds offered in the Issue subject to the con-
ditions and restrictions contained in the Foreign Exchange Man-
agement (Borrowing or Lending in Rupees) Regulations, 2000,
and other applicable statutory and/or regulatory requirements
including the interest rate requirement as provided in the CBDT
Notification. Allotment of Bonds to Eligible NRIs shall be subject
to the Application Amounts paid by the NRI as described below:
1. In case of Eligible NRIs applying on repatriation basis: If the
Application Amounts are received either by inward remittance
of freely convertible foreign exchange through normal bank-
ing channels i.e. through rupee denominated demand drafts/
cheques drawn on a bank in India or by transfer of funds held
in the investors rupee denominated accounts i.e. Non Resi-
dent External (NRE) / Foreign Currency Non Resident
(FCNR) Account/ any other permissible account in terms of
applicable law, maintained with an RBI authorised dealer or a
RBI authorised bank in India.
2. In case of Eligible NRIs applying on non-repatriation basis: If
the Application Amounts are received either by inward remit-
tance of freely convertible foreign exchange through normal
banking channels i.e. through rupee denominated demand
drafts/ cheques drawn on a bank in India or by transfer of
funds held in the investors rupee denominated accounts i.e..
Non-resident Ordinary (NRO) account/ NRE account/ FCNR
Account/ Non Resident Special Rupee (NRSR) Account/
any other permissible account in terms of applicable law, main-
tained with an RBI authorised dealer or a RBI authorised bank
in India.
Applications by Eligible NRIs (applying on a repatriation basis)
should be accompanied by (i) a bank certificate confirming that
the demand draft in lieu of the Application Money has been drawn
on an NRE account; and (ii) if such Eligible NRI is a Person of
Indian Origin (PIO), a PIO card.
^
The Issuer does not make any representations and does not
guarantee eligibility of any foreign investor, including, inter alia,
FIIs, Eligible NRIs and Eligible QFIs for investment into the
Issue either on a repatriation basis or on a non-repatriation ba-
sis. All foreign Investors have to verify their eligibility and en-
sure compliance with all relevant and applicable notifications by
the RBI and extant guidelines as well as all relevant and appli-
cable guidelines, notifications and circulars by SEBI pertaining
to their eligibility to invest in the Bonds at the stage of invest-
ment in this Issue, at the time of remittance of their investment
proceeds as well as at the time of disposal of the Bonds. The
Issuer will not check or confirm eligibility of such investments
in the Issue.
Issue and Allotment of Bonds to NRI Applicants
Our Company confirms that:
i. the rate of interest on each series of Bonds does not exceed
the prime lending rate of the State Bank of India as on the date
on which the resolution approving the Issue was passed by
our Board, plus 300 basis points;
ii. the period for redemption of each Series of Bonds will not be
less than 3 years;
iii. we do not and shall not carry on agricultural /plantation /real
estate business/ trading in Transferable Development Rights
and does not and shall not act as Nidhi or Chit Fund Com-
pany;
iv. We will file the following with the nearest office of the Reserve
Bank, not later than 30 days fromthe date:
(a) of receipt of remittance of consideration received fromEli-
gible NRIs in connection with the Issue, full details of the
remittances received, namely:
(i) a list containing names and addresses of each NRI
Applicant who have remitted funds for investment in
the Bonds on non-repatriation basis and repatriation
basis;
(ii) amount and date of receipt of remittance and its rupee
equivalent; and
(iii)names and addresses of Authorised Dealers through
whomthe remittance has been received; Please note
that Application Amounts for the Bonds has to be paid
in cheques or demand drafts only, in Rupee denomi-
nated currency only; and
(b) of closure of the Issue, full details of the monies received
fromNRI Applicants, namely:
(i) a list containing names and addresses of each NRI
allottee and number of Bonds issued to each of them
on non-repatriation basis and repatriation basis, and
(ii) a certificate fromour Compliance Officer that all provi-
sions of the FEMA, and rules and regulations made
thereunder in connection with the issue of the Bonds
have been duly complied with.
We further confirmthat the monies received fromFIIs and Eligible
NRIs who are Allotted Bonds pursuant to the Issue, will not be
utilised for any investment, whether by way of capital or other-
wise, in any company or partnership firmor proprietorship con-
cern or any entity, whether incorporated or not, or for the purpose
of re-lending. For further details, including details of utilization of
funds, see the section titled Objects of the Issue on page 28 of
the Prospectus Tranche -1.
11. Applications by Eligible QFIs
Pursuant to a circular dated J uly 16, 2012, the RBI has permitted
Eligible QFIs to invest in to be listed corporate bonds of Indian
companies directly fromthe Issuer, through QFIs DP on a repa-
triation basis subject to certain terms and conditions. Further-
more, in terms of the SEBI circular dated J uly 18, 2012 Eligible
QFIs have been permitted to invest in corporate bonds of Indian
companies, which are offered to the public in India in accordance
13
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
with the Companies Act, provided that, listing is committed to be
done within 15 days fromsuch investment.
Eligible QFIs are permitted to invest in corporate debt securities
(without lock-in or residual maturity clauses) and mutual fund
schemes up to an overall limit of USD 1 billion, over and above the
FII limits for investment in corporate debt. These limits are modi-
fied and allocated in the manner specified in terms of the SEBI
circular dated J uly 18, 2012.
Eligible QFIs shall open a single non interest bearing Rupee ac-
count with an AD category-I bank in India for routing the pay-
ment for transactions relating to purchase and sale of corporate
debt instruments (including investment in equity shares in public
issues) subject to the conditions as may be prescribed by the RBI
fromtime to time. This account shall be funded by inward remit-
tance through normal banking channels in any permitted cur-
rency (freely convertible) and shall be operated by the QFIs DP.
Further, Eligible QFIs are required to open a single demat account
with a QFIs DP for investment in eligible corporate debt instru-
ments.
Eligible QFIs who wish to participate in the Issue are required to
submit the Application Formmeant for Non-Residents in the Is-
sue. Eligible QFIs are not permitted to issue off-shore derivative
instruments or participatory notes.
^
The Issuer does not make any representations and does not
guarantee eligibility of any foreign investor, including, inter alia,
FIIs, Eligible NRIs and Eligible QFIs for investment into the
Issue either on a repatriation basis or on a non-repatriation ba-
sis. All foreign Investors have to verify their eligibility and en-
sure compliance with all relevant and applicable notifications by
the RBI and extant guidelines as well as all relevant and appli-
cable guidelines, notifications and circulars by SEBI pertaining
to their eligibility to invest in the Bonds at the stage of invest-
ment in this Issue, at the time of remittance of their investment
proceeds as well as at the time of disposal of the Bonds. The
Issuer will not check or confirm eligibility of such investments
in the Issue.
12. Applications by Mutual Funds
A mutual fund scheme cannot invest more than 15.00% of its NAV
in debt instruments issued by a single company which are rated
not below investment grade by a credit rating agency authorised
to carry out such activity. Such investment limit may be extended
to 20.00% of the NAV of the scheme with the prior approval of the
board of trustees and the board of asset management company.
A separate Application can be made in respect of each scheme of
an Indian mutual fund registered with SEBI and such Applica-
tions shall not be treated as multiple Applications. Applications
made by the AMCs or custodians of a Mutual Fund shall clearly
indicate the name of the concerned scheme for which the Applica-
tion is being made. An Applications Forms by a mutual fund reg-
istered with SEBI for Allotment of the Bonds in physical form
must be also accompanied by certified true copies of (i) its SEBI
registration certificates (ii) the trust deed in respect of such mu-
tual fund (ii) a resolution authorising investment and containing
operating instructions and (iii) specimen signatures of authorized
signatories. Failing this, our Company reserves the right to ac-
cept or reject any Application froma Mutual Fund for Allotment
of the Bonds in physical formin whole or in part, in either case,
without assigning any reason therefor.
13. Application by Scheduled Commercial Banks
Scheduled Commercial Banks can apply in this Issue based upon
their own investment limits and approvals. Applications by them
for Allotment of the Bonds in physical formmust be accompanied
by certified true copies of (i) a board resolution authorising in-
vestments; and (ii) a letter of authorisation. Failing this, our Com-
pany reserves the right to accept or reject any Application for
Allotment of the Bonds in physical formin whole or in part, in
either case, without assigning any reason therefor.
14. Application by Insurance Companies registered with the IRDA
In case of Applications for Allotment of the Bonds in physical
formmade by an insurance company registered with the IRDA, a
certified copy of its certificate of registration issued by IRDA
must be lodged along with Application Form. The Applications
must be accompanied by certified copies of (i) its Memorandum
and Articles of Association; (ii) a power of attorney (iii) a resolu-
tion authorising investment and containing operating instruc-
tions; and (iv) specimen signatures of authorized signatories.
Failing this, our Company reserves the right to accept or reject
any Application for Allotment of the Bonds in physical formin
whole or in part, in either case, without assigning any reason
therefor.
15. Applications by Alternative Investments Funds
Applications made by an Alternative Investments Fund eligible
to invest in accordance with the Securities and Exchange Board
of India (Alternate Investment Funds) Regulations, 2012, for Al-
lotment of the Bonds in physical formmust be accompanied by
certified true copies of: (i) the SEBI registration certificate of such
Alternative Investment Fund; (i) a resolution authorising the in-
vestment and containing operating instructions; and (ii) speci-
men signatures of authorised persons. Failing this, our Company
reserves the right to accept or reject any Applications for Allot-
ment of the Bonds in whole or in part, in either case, without
assigning any reason thereof. Alternative Investment Funds
applying for Allotment of the Bonds shall at all time comply with
the conditions for categories as per their SEBI registration certifi-
cate and the Securities and Exchange Board of India (Alternate
Investment Funds) Regulations, 2012.
16. Applications by Public Financial Institutions authorized to
invest in the Bonds
Applications by Public Financial Institutions for Allotment of the
Bonds in physical formmust be accompanied by certified true
copies of (i) any Act/rules under which such Applicant is incor-
porated; (ii) a resolution of the board of directors of such Appli-
cant authorising investments; and (iii) specimen signature of au-
thorized persons of such Applicant. Failing this, our Company
reserves the right to accept or reject any Applications for Allot-
ment of the Bonds in physical formin whole or in part, in either
case, without assigning any reason therefor.
17. Applications made by companies, Limited Liability Partner-
ships and bodies corporate registered under applicable laws
in India
Applications made by companies, Limited Liability Partnerships
and bodies corporate for Allotment of the Bonds in physical form
must be accompanied by certified true copies of: (i) any Act/rules
under which such Applicant is incorporated; (ii) a resolution of
the board of directors of such Applicant authorising investments;
and (iii) specimen signature of authorized persons of such Appli-
cant. Failing this, our Company reserves the right to accept or
reject any Applications for Allotment of the Bonds in physical
formin whole or in part, in either case, without assigning any
reason therefor.
18. Applications under a power of attorney
In case of Applications made pursuant to a power of attorney by
Applicants fromCategory I and Category II, a certified copy of
the power of attorney or the relevant resolution or authority, as
the case may be, along with a certified copy of the memorandum
of association and articles of association and/or bye laws must be
14
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
lodged along with the Application Form. Failing this, our Com-
pany reserves the right to accept or reject any Application in
whole or in part, in either case, without assigning any reason
therefor.
In case of Applications made pursuant to a power of attorney by
Applicants fromCategory III and Category IV, a certified copy of
the power of attorney must be lodged along with the Application
Form.
In case of ASBA Applications made pursuant to a power of attor-
ney, a certified copy of the power of attorney must be lodged
along with the Application Form. Failing this, our Company, in
consultation with the Lead Manager, reserves the right to reject
such Applications.
Our Company, in its absolute discretion, reserves the right to relax
the above condition of attaching the power of attorney along
with the Application Forms subject to such terms and conditions
that our Company and the Lead Managers may deemfit.
19. Applications by provident funds and pension funds which are
authorized to invest in the Bonds
Applications by provident funds and pension funds which are
authorised to invest in the Bonds, for Allotment of the Bonds in
physical formmust be accompanied by certified true copies of: (i)
any Act/rules under which they are incorporated; (ii) a power of
attorney, if any, in favour of one or more trustees thereof, (iii) a
board resolution authorising investments; (iii) such other docu-
ments evidencing registration thereof under applicable statutory/
regulatory requirements; (iv) specimen signature of authorized
person; (v) a certified copy of the registered instrument for cre-
ation of such fund/trust; and (vi) any tax exemption certificate
issued by Income Tax authorities. Failing this, our Company re-
serves the right to accept or reject any Applications for Allotment
of the Bonds in physical formin whole or in part, in either case,
without assigning any reason therefor.
20. Applications by National Investment Fund
Application made by National Invest Fund for Allotment of the
Bonds in physical formmust be accompanied by certified true
copies of: (i) a resolution authorising investment and containing
operating instructions; and (ii) specimen signatures of authorized
persons. Failing this, our Company reserves the right to accept or
reject any Applications for Allotment of the Bonds in physical
formin whole or in part, in either case, without assigning any
reason therefor.
21. Application by Commercial Banks, co-operative banks and
Regional Rural Banks
Commercial Banks, co-operative banks and Regional Rural Banks
can apply in the Issue based upon their own investment limits
and approvals. The application must be accompanied by certified
true copies of (i) Board resolutions authorising investments; and
(ii) letters of authorisation. Failing this, our Company reserves the
right to accept or reject any Application in whole or in part, in
either case, without assigning any reason thereof.
22. Applications by Trusts
Applications made by a trust, settled under the Indian Trusts Act,
1882, or any other statutory and/or regulatory provision govern-
ing the settlement of trusts in India, must be accompanied by a (i)
certified true copy of the registered instrument for creation of
such trust, (ii) power of attorney, if any, in favour of one or more
trustees thereof; and (iii) such other documents evidencing regis-
tration thereof under applicable statutory/regulatory requirements.
Failing this, our Company reserves the right to accept or reject
any Applications in whole or in part, in either case, without as-
signing any reason therefor.
Further, any trusts applying for Bonds must ensure that (a) they
are authorised under applicable statutory/regulatory requirements
and their constitution instrument to hold and invest in bonds, (b)
they have obtained all necessary approvals, consents or other
authorisations, which may be required under applicable statutory
and/or regulatory requirements to invest in bonds, and (c) appli-
cations made by them do not exceed the investment limits or
maximumnumber of Bonds that can be held by themunder appli-
cable statutory and or regulatory provisions.
INSTRUCTIONS FOR COMPLETING THE APPLICATION
FORM
23. General Instructions
Dos
Check if you are eligible to apply;
Read all the instructions carefully and complete the Applica-
tion Form;
If the Allotment of the Bonds is sought in dematerialized form,
ensure that the details about Depository Participant and ben-
eficiary account are correct and the beneficiary account is
active;
Applications are required to be in single or joint names (not
more than three);
In case of an HUF applying through its Karta, the Applicant is
required to specify the name of an Applicant in the Applica-
tion Formas XYZ Hindu Undivided Family applying through
PQR, where PQR is the name of the Karta;
Ensure that Applications are submitted to the Members of the
Syndicate, Trading Members or the Designated Branches of
the SCSBs, as the case may be, before the closure of applica-
tion hours on the Issue Closing Date;
Ensure that the Application Forms (for non-ASBA Applicants)
are submitted at the collection centres provided in the Appli-
cation Forms, bearing the stamp of a Member of the Syndicate
or a Trading Members, as the case may be;
Ensure that the Applicants names (for Applications for the
Bonds in dematerialised form) given in the Application Form
is exactly the same as the names in which the beneficiary ac-
count is held with the Depository Participant. In case the Ap-
plication Form is submitted in joint names, ensure that the
beneficiary account is also held in same joint names and such
names are in the same sequence in which they appear in the
Application Form;
Ensure that you have funds equal to or more than the Applica-
tion Amount in your ASBA Account before submitting the
Application Formfor ASBA Applications;
Ensure that you mention your PAN in the Application Form.
In case of joint applicants, the PAN of all the Applicants should
be provided, and for HUFs, PAN of the HUF should be pro-
vided. Any Application Formwithout the PAN is liable to be
rejected. In case of Applications for Allotment in physical form,
Applicants should submit a self-certified copy of their PAN
card as part of the KYC documents. Applicants should not
submit the GIR Number instead of the PAN as the Application
is liable to be rejected on this ground;
Ensure that the Demographic Details (for Applications for the
Bonds in dematerialised form) as provided in the Application
Formare updated, true and correct in all respects;
Ensure that you request for and receive a TRS for all your
Applications and an acknowledgement as a proof of having
been accepted;
Ensure that you have obtained all necessary approvals from
15
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
the relevant statutory and/or regulatory authorities to apply
for, subscribe to and/or seek Allotment of the Bonds;
Ensure that signatures other than in the languages specified
in the Eighth Schedule to the Constitution of India is attested
by a Magistrate or a Notary Public or a Special Executive
Magistrate under official seal;
Applicants (other than ASBA Applicants) are requested to
write their names and Application number on the reverse of
the instruments by which the payments are made;
All Applicants are requested to tick the relevant column Cat-
egory of Investor in the Application Form; and
Tick the Series of Bonds in the Application Formthat you
wish to apply for.
Donts
Do not apply for lower than the minimumApplication size;
Do not pay the Application amount in cash, by money order,
postal order, stock invest;
Do not send the Application Forms by post; instead submit
the same to the Members of the Syndicate and Trading Mem-
bers or the SCSBs (as the case may be) only;
Do not submit Application Forms to the Escrow Collection
Banks (unless such Escrow Collection Bank is also an SCSB);
Do not submit the GIR number instead of the PAN as the
Application is liable to be rejected on this ground;
Do not submit incorrect details of the DP ID, Client ID and
PAN or provide details for a beneficiary account which is sus-
pended or for which details cannot be verified by the Regis-
trar;
Do not fill up the Application Formsuch that the Bonds ap-
plied for exceeds the Issue size and/or investment limit or maxi-
mumnumber of Bonds that can be held under the applicable
laws or regulations or maximumamount permissible under the
applicable regulations;
Do not submit Applications on plain paper or on incomplete
or illegible Application Forms;
Do not submit an Application in case you are not eligible to
acquire the Bonds under applicable law or your relevant con-
stitutional documents or otherwise;
Do not submit the Application Forms without the Application
Amount; and
Do not apply if you are not competent to contract under the
Indian Contract Act, 1872.
24. Additional instructions specific for ASBA Applicants
Dos
Before submitting the physical Application Formwith the
Member of the Syndicate at the Syndicate ASBA Application
Locations ensure that the SCSB, whose name has been filled
in the Application Form, has named a branch in that centre;
For ASBA Applicants applying through Syndicate ASBA,
ensure that your Application Formis submitted to the Mem-
bers of the Syndicate at the Syndicate ASBA Application Lo-
cations and not to the Escrow Collection Banks (assuming
that such bank is not a SCSB), to our Company, the Registrar
or Trading Members;
For ASBA Applicants applying through the SCSBs, ensure
that your Application Formis submitted at a Designated Branch
of the SCSB where the ASBA Account is maintained, and not
to the Escrow Collection Banks (assuming that such bank is
not a SCSB), to our Company, the Registrar or the Members of
the Syndicate or Trading Members.
Ensure that the Application Formis signed by the ASBA Ac-
count holder in case the ASBA Applicant is not the account
holder;
Ensure that you have mentioned the correct ASBA Account
number in the Application Form;
Ensure that you have funds equal to the Application Amount
in the ASBA Account before submitting the Application Form
to the respective Designated Branch, or to the Members of
the Syndicate at the Syndicate ASBA Application Locations,
or to the Trading Members, as the case may be;
Ensure that you have correctly ticked, provided or checked
the authorisation box in the Application Form, or have other-
wise provided an authorisation to the SCSB via the electronic
mode, for the Designated Branch to block funds in the ASBA
Account equivalent to the Application Amount mentioned in
the Application Form; and
Ensure that you receive an acknowledgement fromthe Desig-
nated Branch or the concerned member of the Syndicate, or
the Trading Member, as the case may be, for the submission
of the Application Form.
Donts
Do not make payment of the Application Amounts in any mode
other than through blocking of the Application Amounts in
the ASBA Accounts shall not be accepted under the ASBA
process;
Do not submit the Application Formwith a Member of the
Syndicate at a location other than the Syndicate ASBA Appli-
cation Locations;
Do not send your physical Application Formby post. Instead
submit the same with a Designated Branch or a member of the
Syndicate at the Syndicate ASBA Application Locations, or a
Trading Member, as the case may be; and
Do not submit more than five Application Forms per ASBA
Account.
Applications shall be accepted only between 10.00 a.m. and 5.00
p.m. (Indian Standard Time), or such extended time as may be
permitted by the relevant Stock Exchange(s)during the Issue Pe-
riod on all days between Monday and Friday, both inclusive bar-
ring public holidays, at the Collection Centres or with the Mem-
bers of the Syndicate or Trading Members at the Syndicate ASBA
Application Locations and the Designated Branches of SCSBs as
mentioned on the Application Form. On the Issue Closing Date,
Applications shall be accepted only between 10.00 a.m. and 3.00
p.m. and shall be uploaded until 5.00 p.m. or such extended time as
may be permitted by the relevant Stock Exchange(s). It is clarified
that the Applications not uploaded in the electronic application
systemof the relevant Stock Exchange(s) would be rejected.
Due to limitation of time available for uploading the Applications
on the Issue Closing Date, Applicants are advised to submit their
Applications one day prior to the Issue Closing Date and, in any
case, no later than 3.00 p.m. on the Issue Closing Date. All times
mentioned in the Prospectus are Indian Standard Times. Appli-
cants are cautioned that in the event a large number of Applica-
tions are received on the Issue Closing Date, some Applications
may not get uploaded due to lack of sufficient time. Such Applica-
tions that cannot be uploaded will not be considered for alloca-
tion under the Issue. Applications will be accepted only on Busi-
ness Days, i.e., Monday to Friday (excluding any public holiday).
Neither our Company, nor the Lead Managers, ConsortiumMem-
bers or Trading Members are liable for any failure in uploading
the Applications due to failure in any software/hardware system
or otherwise.
16
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
25. Additional instructions specific for Applicants seeking Al-
lotment of the Bonds in physical form
Any Applicant (other than an Eligible QFI) who wishes to sub-
scribe to the Bonds in physical formshall undertake the following
steps:
Please complete the Application Form in all respects, by pro-
viding all the information including PAN and Demographic
Details. However, do not provide the Depository Participant
details in the Application Form. The requirement for provid-
ing Depository Participant details shall be mandatory only for
the Applicants who wish to subscribe to the Bonds in
dematerialised form.
If you are a resident Applicant, please provide the following
documents along with the Application Form:
(a) Self-attested copy of the PAN card;
(b) Self-attested copy of your proof of residence. Any of the
following documents shall be considered as a verifiable
proof of residence:
ration card issued by the GoI; or
valid driving license issued by any transport authority of the
Republic of India; or
electricity bill (not older than three months); or
landline telephone bill (not older than three months); or
valid passport issued by the GoI; or
voters identity card issued by the GoI; or
passbook or latest bank statement issued by a bank operating
in India; or
registered leave and license agreement or agreement for sale
or rent agreement or flat maintenance bill; or
AADHAR letter.
(c) Self-attested copy of a cancelled cheque of the bank ac-
count to which the amounts pertaining to payment of re-
funds, interest and redemption, as applicable, should be
credited.
In absence of the cancelled cheque, our Company may reject
the Application or it may consider the bank details as given on
the Application Format its sole discretion. In such case the
Company, Lead Managers and Registrar shall not be liable for
any delays/ errors in payment of refund and/ or interest.
If you are a non-resident Applicant, please provide the follow-
ing documents along with the Application Form:
a. Self-attested copy of the PAN card;
b. SEBI registration certificate (for FIIs);
c. An inward remittance certificate;
d. A resolution authorizing investment in the Bonds;
e. Specimen signatures of authorized persons;
f. A certificate fromthe issuing bank confirming that the de-
mand draft has been drawn on an NRE/ NRO/ FCNR/ NRSR
account (for Eligible NRIs);
g. A PIO Card (for Eligible NRI Applicants who are PIOs);
h. Self-attested copy of your proof of residence. Any of the
following documents shall be considered as a verifiable
proof of residence:
ration card issued by the GoI; or
valid driving license issued by any transport authority of the
Republic of India; or
electricity bill (not older than three months); or
landline telephone bill (not older than three months); or
valid passport issued by the GoI; or
voters identity card issued by the GoI; or
passbook or latest bank statement issued by a bank operating
in India; or
registered leave and license agreement or agreement for sale
or rent agreement or flat maintenance bill; or
AADHAR letter.
i. Self-attested copy of a cancelled cheque of the bank ac-
count to which the amounts pertaining to payment of re-
funds, interest and redemption, as applicable, should be
credited.
The Applicant shall be responsible for providing the above infor-
mation accurately. Delays or failure in credit of the payments due
to inaccurate details shall be at the sole risk of the Applicants and
neither the Lead Managers nor our Company shall have any re-
sponsibility and undertake any liability for the same. Applica-
tions for Allotment of the Bonds in physical form, which are not
accompanied with the aforestated documents, may be rejected at
the sole discretion of our Company.
In relation to the issuance of the Bonds in physical form, please
note the following:
1. An Applicant has the option to seek Allotment of Bonds in
either dematerialised or physical mode. No partial Application
for the Bonds shall be permitted and is liable to be rejected.
2. Eligible QFIs cannot apply for the Allotment of Bonds in physi-
cal form.
3. In case of Bonds that are being issued in physical form, our
Company will issue one certificate to the holders of the Bonds
for the aggregate amount of the Bonds for each of the Series
of Bonds that are applied for (each such certificate a Con-
solidated Bond Certificate).
4. Any Applicant who provides the Depository Participant de-
tails in the Application Form shall be Allotted the Bonds in
dematerialised form only. Such Applicant shall not be Allot-
ted the Bonds in physical form.
5. Our Company shall dispatch the Consolidated Bond Certifi-
cate to the address of the Applicant provided in the Applica-
tion Form.
All terms and conditions disclosed in relation to the Bonds held
in physical formpursuant to rematerialisation shall be applicable
mutatis mutandis to the Bonds issued in physical form.
26. Consolidated list of documents required for various
categories
For the sake of simplicity we hereby provide the details of docu-
ments required to be submitted by various categories of Appli-
cants (who have applied for Allotment of the Bonds in
dematerialised form) while submitting the Application Form.
For further details pleaserefer to page77 of the Prospectus Tranche - 1.
PAYMENT INSTRUCTIONS
27. Payment mechanism for ASBA Applicants
An ASBA Applicant shall specify details of the ASBA Account in
the Application Formand the relevant SCSB shall block an amount
equivalent to the Application Amount in the ASBA Account speci-
fied in the Application Form. Upon receipt of intimation fromthe
Registrar, the SCSBs shall, on the Designated Date, transfer such
blocked amount fromthe ASBA Account to the Public Issue Ac-
count in terms of the Escrow Agreement. The balance amount
remaining after the finalisation of the Basis of Allotment shall be
unblocked by the SCSBs on the basis of the instructions issued
in this regard by the Registrar to the respective SCSB within 12
(twelve) Working Days of the Issue Closing Date. The Applica-
tion Amount shall remain blocked in the ASBA Account until
17
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
transfer of the Application Amount to the Public Issue Account,
or until withdrawal/ failure of the Issue or until rejection of the
ASBA Application, as the case may be.
28. Payment mechanism for non ASBA Applicants
We shall open Escrow Accounts with one or more Escrow Collec-
tion Banks in whose favour the Applicants (except for ASBA
Applicants) shall draw cheques or demand drafts. All Applicants
would be required to pay the full Application Amount at the time
of the submission of the Application Form. Cheques or demand
drafts for the Application Amount received fromApplicants would
be deposited by the Members of the Syndicate and Trading Mem-
bers, as the case may be, in the Escrow Accounts.
In terms of the FEMA Borrowing Regulations, monies borrowed
in Indian rupees frompersons resident outside India (as defined
in FEMA) cannot be utilised for re-lending activities. Accord-
ingly, we will open and maintain separate escrow accounts with
the Escrow Collection Banks in connection with all Application
Amounts received fromFIIs, Eligible NRIs, Eligible QFIs and other
non resident Applicants across all Categories (the Non Resident
Escrow Accounts). All application Amounts received fromFIIs,
Eligible NRIs, Eligible QFIs and other non resident Applicants
across all Categories shall be deposited in the Non Resident Es-
crow Account, maintained with each Escrow Collection Bank. Upon
receipt of requisite instructions fromthe Lead Managers and the
Registrar in the manner detailed in the Escrow Agreement, the
Escrow Collection Banks shall transfer the monies fromthe Non
Resident Escrow Accounts to a separate bank account, (Non
Resident Public Issue Account), which shall be different from
the Public Issue Account. The Company shall at all times ensure
that any monies kept in the Non Resident Escrow Account and
the Non Resident Public Issue Account shall be utilised only in
accordance with applicable statutory and/or regulatory require-
ments for the following purposes:
(a) Debt servicing, which includes servicing of both the principal
amounts as well as interest payments of various debt facilities
availed by our Company in the past and currently outstand-
ing in its books of accounts, including loans, market borrow-
ings (which include our non-convertible bonds/ debentures);
(b) Statutory payments;
(c) Establishment and administrative expenses;
(d) Other working capital requirements of our Company; and
(e) Any other purposes and end-uses as may be allowed by RBI
fromtime to time through relevant regulations/guidelines/clari-
fications issued by RBI.
Each Applicant (except for ASBA Applicants) shall draw a cheque
or demand draft for the Application Amount as per the following
terms:
a) The payment instruments fromall resident Applicants shall be
payable into the Escrow Accounts drawn in favour of
HUDCO Tax Free Bonds 2013-14 Escrow Account - R.
b) The payment instruments fromFII, Eligible NRIs, Eligible QFIs
and other non resident Applicants across all Categories on a
repatriation basis shall be payable in the Non Resident Es-
crow Accounts drawn in favour of HUDCO Tax Free Bonds
2013-14 Escrow Account NR Repat.
c) The payment instruments fromFII, Eligible NRIs, Eligible QFIs
and other non resident Applicants across all Categories on a
non-repatriation basis shall be payable in the Non Resident
Escrow Accounts drawn in favour of HUDCO Tax Free
Bonds 2013-14 Escrow Account NR Non-Repat.
d) Payments should be made by cheque, or a demand draft drawn
on any bank (including a co-operative bank), which is situ-
ated at, and is a member of or sub-member of the bankers
clearing house located at the centre where the Application
Formis submitted. Outstation cheques/bank drafts drawn on
banks not participating in the clearing process will not be
accepted and Applications accompanied by such cheques or
bank drafts are liable to be rejected.
e) The monies deposited in the Escrow Accounts will be held for
the benefit of the Applicants until the Designated Date.
f) On the Designated Date, the Escrow Collection Banks shall
transfer the funds fromthe Escrow Accounts and the Non
Resident Escrow Accounts as per the terms of the Escrow
Agreement, the Shelf Prospectus and the Prospectus Tranche
I into the Public Issue Accounts and the Non Resident Pub-
lic Issue Accounts, respectively. The Escrow Collection Bank
shall also, upon receipt of instructions fromthe Lead Manag-
ers and the Registrar, transfer all amounts payable to Appli-
cants, who have not been allotted Bonds to the Refund Ac-
counts.
Please note that Applications accompanied by Application
Amounts in cash/ stock invest/ money orders/ postal orders will
not be accepted.
The Escrow Collection Banks will act in terms of the Shelf Pro-
spectus, the Prospectus Tranche I and the Escrow Agreement.
The Escrow Collection Banks shall not exercise any lien whatso-
ever over the monies deposited therein. It is mandatory for our
Company to keep the proceeds of the Issue in an escrow account
until the documents for creation of security as stated in the Shelf
Prospectus are executed.
29. Additional information for Applicants
1. Application Forms submitted by Applicants (except for Appli-
cants applying for the Bonds in physical form) whose benefi-
ciary accounts are inactive shall be rejected.
2. For ASBA Applicants, no separate receipts will be issued for
the money blocked on the submission of Application Form.
However, the collection centre of the Members of the Syndi-
cate or the SCSB or the Trading Member, as the case may be,
will acknowledge the receipt of the Application Forms by
stamping and returning to the Applicant the acknowledgement
slip. This acknowledgement slip will serve as the duplicate of
the Application Formfor the records of the Applicant.
3. Applications should be submitted on the Application Form
only. In the event that physical Application Forms do not bear
the stamp of the Members of the Syndicate/ Trading Member
or the relevant Designated Branch, they are liable to be re-
jected.
Applicants are advised not to submit Application Forms to Es-
crow Collection Banks (unless such Escrow Collection Bank is
also an SCSB) and the same will be rejected in such cases and
the Applicants will not be entitled to any compensation whatso-
ever.
SUBMISSION OF APPLICATION FORMS
To supplement the foregoing, the mode and manner of Applica-
tion and submission of Application Forms is illustrated in the
following chart.
Mode of Application
*
To whom the Application Form has to be submitted
ASBA Applications (i) totheMembers of theSyndicateonly at theSyndicateASBA
ApplicationLocations; or(ii) to theDesignatedBranches of theSCSBs
wheretheASBA Account ismaintained; or(iii) toTradingMembers
only at theSyndicateASBA ApplicationLocations.
Non- ASBA Applications (i) to theMembers of theSyndicate; or(ii) to TradingMembers.
Please note that Eligible QFIs cannot make Applications for
Allotment of the Bonds in physical form.
18
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
REJECTION OF APPLICATIONS
The Board of Directors and/or any committee of our Company
and/or the Chairman and Managing Director reserves its full, un-
qualified and absolute right to accept or reject any Application in
whole or in part and in either case without assigning any reason
thereof.
Application may be rejected on one or more technical grounds,
including but not restricted to:
Number of Bonds applied for being less than the minimum
Application size;
Applications not being signed by the sole/ joint Applicants;
Applications submitted without payment of the Application
Amount;
In case of partnership firms, the application forms submitted
in the name of individual partners and/or accompanied by the
individuals PAN rather than the PAN of the partnership firm;
Applications submitted without payment of the full Applica-
tion Amount. However, our Company may allot Bonds upto
the full value of the Application Amount paid, in the event
that such Application Amounts exceed the minimumApplica-
tion Size as specified in the Prospectus Tranche I;
In case of Applicants applying for Allotment in physical form,
date of birth of the sole/ first Applicant not mentioned in the
Application Form;
Investor Category in the Application Formnot being ticked;
In case of Applications for Allotment in physical form, bank
account details not provided in the Application Form;
Signature of the Applicant missing;
Applications by persons not competent to contract under the
Indian Contract Act, 1872 including a minor without the name
of a guardian;
Applications by stock invest or accompanied by cash/money
order/postal order;
Applications made without mentioning the PAN of the Appli-
cant;
GIR number mentioned in the Application Forminstead of
PAN;
Applications for amounts greater than the maximumpermis-
sible amounts prescribed by applicable regulations;
Applications by persons/entities who have been debarred from
accessing the capital markets by SEBI;
Applications submitted directly to the Escrow Collection
Banks (if such Escrow Collection Bank is not an SCSB);
ASBA Applications submitted to the Members of Syndicate
or a Trading Members at locations other than the Syndicate
ASBA Application Locations or at a Designated Branch of a
SCSB where the ASBA Account is not maintained, and ASBA
Applications submitted directly to an Escrow Collecting Bank
(assuming that such bank is not a SCSB), to our Company or
the Registrar to the Issue;
For Applications for Allotment in dematerialised form, DP ID,
Client ID and PAN mentioned in the Application Formdo not
match with the Depository Participant ID, Client ID and PAN
available in the records with the depositories;
In case of Applicants applying for the Bonds in physical form,
if the address of the Applicant is not provided in the Applica-
tion Form;
Copy of KYC documents not provided in case of option to
hold Bonds in physical form;
Application Forms fromASBA Applicants not being signed
by the ASBA Account holder, if the account holder is different
fromthe Applicant;
Applications for an amount below the minimumApplication
size;
ASBA Applications not having details of the ASBA Account
to be blocked;
Applications (except for ASBA Applications) where clear
funds are not available in Escrow Accounts as per final certifi-
cates fromEscrow Collection Banks;
Applications by persons prohibited frombuying, selling or
dealing in shares, directly or indirectly, by SEBI or any other
regulatory authority;
Applications by Applicants seeking Allotment in
dematerialised formwhose demat accounts have been sus-
pended for credit pursuant to the circular issued by SEBI on
J uly 29, 2010 bearing number CIR/MRD/DP/22/2010;
Non- ASBA Applications accompanied by more than one pay-
ment instrument;
Applications not uploaded on the terminals of the relevant
Stock Exchange(s);
Applications for Allotment of Bonds in dematerialised form
providing an inoperative demat account number;
Applications by Eligible QFIs for Allotment of Bonds in physi-
cal form;
In case of Applications under power of attorney or by limited
companies, corporate, trust etc., relevant documents are not
submitted along with the Application Form;
With respect to ASBA Applications, the ASBA Account not
having credit balance to meet the Application Amounts or no
confirmation is received fromthe SCSB for blocking of funds;
Applications non-resident Investors, including FIIs, Eligible
NRIs, Eligible QFIs, who are (i) based in the USA, and/or, (ii)
domiciled in the USA, and/or, (iii) residents/citizens of the
USA, and/or, (iv) subject to any taxation laws of the USA;
In case of Eligible NRIs applying on non repatriation basis if:
(i) in case of application for allotment in physical form, the
account number mentioned in the application formwhere the
sale proceeds/ maturity proceeds/ interest on Bonds is to be
credited is a repatriable account; or (ii) in case of application
for allotment in demat form, the status of the demat account
mentioned is repatriable;
In case of Eligible NRIs applying on repatriation basis, if the
Application Amount is received froman account other than
an NRE/ FCNR/ any other permissible account in accordance
with applicable law, with an RBI authorised dealer or a RBI
authorised bank in India.
In case of Eligible NRIs applying on non- repatriation basis, if
the Application Amount is received from an account other
than Non-resident Ordinary (NRO)/ Non Resident External
(NRE) account/ any other permissible account in accordance
with applicable law, maintained with an RBI authorised dealer
or a RBI authorised bank in India.
Bank certificate not provided along with demand draft for Eli-
gible NRI Applicants;
PIO Applications without the PIO Card;
SCSBs making an ASBA Application (a) through an ASBA
Account maintained with its own self or (b) through an ASBA
account maintained through a different SCSB not in its own
name, or (c) through an ASBA Account maintained through a
different SCSB in its own name, which ASBA Account is not
utilised for the purpose of applying in public issues;
19
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
Where PAN details in the Application Formand as entered
into the bidding platformof the relevant Stock Exchange(s),
are not as per the records of the Depositories; and
In case of Applicants applying for the Bonds in physical form,
if the address of the Applicant is not provided in the Applica-
tion Form.
For further instructions regarding Application for the Bonds,
Applicants are requested to read the Application Form.
TERMS OF THE ISSUE
The Bonds being offered as part of the Issue are subject to the
provisions of the SEBI Debt Regulations, applicable regulations
of the NHB, the Companies Act, the Income Tax Act, the CBDT
Notification, the terms Shelf Prospectus, the Prospectus Tranche-
I, the Application Form, the terms and conditions of the deben-
ture trustee agreement and the Debenture Trust Deed, and other
applicable statutory and/or regulatory requirements including
those issued fromtime to time by SEBI, the GoI, and other statu-
tory/regulatory authorities relating to the offer, issue and listing
of securities and any other documents that may be executed in
connection with the Bonds.
30. Authority for the Issue
The CBDT has, by the CBDT Notification, authorised our Com-
pany to raise the Bonds aggregating to ` 5,000.00 crores out of
which our Company has already raised an amount of ` 190.80
crores on a private placement basis through a disclosure docu-
ment dated August 30, 2013 and a resolution of the Resource
Committee (sub-committee of the Board) on September 2, 2013.
Our Company proposes to raise the balance amount of ` 4,809.20
crores
*
through a public issue of the Bonds in one or more tranches
prior to March 31, 2014.
*
In terms of the CBDT Notification, in addition to the tranche(s)
of public issue, our Company may also raise Bonds on a private
placement basis in one or more tranches during the process of
the present Issue, not exceeding ` 1,500 crores, i.e. upto 30% of
the allocated limit for raising funds through the Bonds during
the Fiscal 2014, at its discretion, wherein suitable amounts
shall be earmarked for subscription by Sovereign Wealth Funds,
Pension and Gratuity Funds. Our Company shall ensure that
Bonds issued through the public issue route and private place-
ment route shall together not exceed ` 4,809.20 crores. In case
our Company raises funds through private placements during
the process of the present Issue, the Shelf Limit for the Issue
shall get reduced by such amount raised.
31. Issue and status of Bonds
Public issue of tax free bonds of face value of ` 1,000 each in the
nature of secured, redeemable, non-convertible debentures, hav-
ing benefits under section 10(15) (iv) (h) of the Income Tax Act,
aggregating to ` 750 crores, with an option of retaining oversub-
scription upto the Shelf Limit of ` 4809.20 crores
*
in one or more
tranches in Fiscal 2014.
*
In terms of the CBDT Notification, in addition to the tranche(s)
of public issue, our Company may also raise Bonds on a private
placement basis in one or more tranches during the process of
the present Issue, not exceeding ` 1,500 crores, i.e. upto 30% of
the allocated limit for raising funds through the Bonds during
the Fiscal 2014, at its discretion, wherein suitable amounts
shall be earmarked for subscription by Sovereign Wealth Funds,
Pension and Gratuity Funds. Our Company shall ensure that
Bonds issued through the public issue route and private place-
ment route shall together not exceed ` 4,809.20 crores. In case
our Company raises funds through private placements during
the process of the present Issue, the Shelf Limit for the Issue
shall get reduced by such amount raised.
The Bonds shall be secured pursuant to a Debenture Trust Deed
and underlying security documents. The Bondholders are en-
titled to the benefit of the Debenture Trust Deed and are bound
by and are deemed to have notice of all the provisions of the
Debenture Trust Deed.
The Bonds are proposed to be secured by a floating first pari-
passu charge on present and future receivables of our Company
to the extent of amount mobilized under the Issue. Our Company
reserves the right to create first pari-passu charge on present and
future receivables for its present and future financial requirements.
The claims of the Bond holders shall be superior to the claims of
any unsecured creditors, subject to applicable statutory and/or
regulatory requirements.
32. Face value
The face value of each Bond is ` 1,000.
33. Security
The Bonds proposed to be issued are secured by a floating first
pari-passu charge on present and future receivables of our Com-
pany to the extent of amount mobilized under the Issue. Our Com-
pany reserves the right to create first pari-passu charge on present
and future receivables for its present and future financial require-
ments.
34. Credit Rating
CARE has assigned a rating of CARE AA+ to the Bonds vide
letter dated September 9, 2013. India Ratings and Research Pri-
vate Limited (formerly Fitch Ratings India Private. Limited)
(IRRPL) has assigned a rating of IND AA+ to the Bonds vide
letter dated September 6, 2013. Instruments with this rating are
considered to have high degree of safety regarding timely servic-
ing of financial obligations. Such instruments carry very low credit
risk. For the rationale for this rating, see Annexure B of the Shelf
Prospectus. This rating is not a recommendation to buy, sell or
hold securities and investors should take their own decision. This
rating is subject to revision or withdrawal at any time by the
assigning rating agency(ies) and should be evaluated indepen-
dently of any other ratings.
35. Period of Subscription
The Issue shall remain open for the period mentioned below:
ISSUE OPENS ON SEPTEMBER 17, 2013
ISSUE CLOSES ON OCTOBER 14, 2013
The Issue shall remain open for subscription from10:00 a.m. till
5:00 PM (Indian Standard Time) for the period mentioned above,
with an option for early closure or extension by such period as
may be decided by the Board of Directors or a duly constituted
committee thereof, or the Chairman and Managing Director. In the
event of such early closure or extension of the subscription list of
the Issue, our Company shall ensure that public notice of such
early closure is published on or before the day of such early date
of closure through advertisement/s in at least one leading na-
tional daily newspaper.
36. Application Amount
The Bonds are being issued at par and full amount of face value
per Bond is payable on application. Eligible Applicants can apply
for any amount of the Bonds subject to a minimumApplication
size, as specified in the Prospectus Tranche-I across any of the
Series(s) or a combination thereof. The Applicants will be allotted
the Bonds in accordance with the Basis of Allotment.
37. Escrow Mechanism
Through various available modes as detailed in the section titled
20
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
Issue Procedure Payment Instructions on page 68 of the Pro-
spectus Tranche I.
38. Basis of Allotment
(a) Allotment on date-priority
By virtue of its letter (bearing no. IMD/DOF-1/BM/VA/OW/
22411/2013) dated September 4, 2013, SEBI has granted us an
exemption fromthe requirements of paragraph 3.2.3 of the Debt
Application Circular (which requires allotments in a public
issue of debt securities to be carried out on a date-time prior-
ity basis) and allowed us to effect Allotments of Bonds in
this Issue on the basis of the date of upload of Applications
on the electronic Application platformof the relevant Stock
Exchange(s). Accordingly, Allotments of Bonds in this Issue
will be on a first come-first serve basis, on the basis of the date
of upload of Applications on the electronic Application plat-
formof the relevant Stock Exchange(s).
(b) Allotments in the first instance:
i. Applicants belonging to the Category I, in the first instance,
will be allocated Bonds upto 10% of the Overall Issue Size on
first come first serve basis (determined on the basis of date of
upload of the Applications on the electronic Application plat-
formof the relevant Stock Exchange(s));
ii. Applicants belonging to the Category II, in the first instance,
will be allocated Bonds upto 20% of Overall Issue Size on first
come first serve basis (determined on the basis of date of
upload of the Applications on the electronic Application plat-
formof the relevant Stock Exchange(s));
iii. Applicants belonging to the Category III, in the first instance,
will be allocated Bonds upto 30% of Overall Issue Size on first
come first serve basis (determined on the basis of date of
upload of the Applications on the electronic Application plat-
formof the relevant Stock Exchange(s));
iv. Applicants belonging to the Category IV, in the first instance,
will be allocated Bonds upto 40% of Overall Issue Size on first
come first serve basis (determined on the basis of date of
upload of the Applications on the electronic Application plat-
formof the relevant Stock Exchange(s)).
(c) Under subscription
If there is any under subscription in any Portion, priority in
Allotments will be given in the following order:
i. Category IV Portion;
ii. Category III Portion;
iii. Category II Portion; and
iv. Category I Portion.
(d) For all Portions, all Applications uploaded on the same day on
the electronic Application platform of the relevant Stock
Exchange(s) would be treated at par with each other.
(e) Minimumallotments of one Bond would be made in case of
each valid Application.
(f) Allotments in case of oversubscription:
In case of an oversubscription in any of the Portions, Allot-
ments to the maximumextent, as possible, will be made on a
first-come first-serve basis and thereafter on proportionate
basis, i.e. full Allotment of Bonds to the Applicants on a first
come first basis up to the date falling 1 (one) day prior to the
date of oversubscription and proportionate allotment of Bonds
to the Applicants on the date of oversubscription (determined
on the basis of date of upload of the Applications on the
electronic Application platform of the relevant Stock
Exchange(s), in each Portion). The method of proportionate
allotment is as described below:
i. Allotments to the applicants shall be made in proportion to
their respective Application size, rounded off to the nearest
integer,
ii. If the process of rounding off to the nearest integer results in
the actual allocation of Bonds being higher than the Issue
size, not all applicants will be allotted the number of Bonds
arrived at after such rounding off. Rather, each Applicant whose
Allotment size, prior to rounding off, had the highest decimal
point would be given preference;
iii. In the event, there are more than one Applicant whose entitle-
ment remains equal after the manner of distribution referred to
above, our Company will ensure that the basis of allotment is
finalised by draw of lots in a fair and equitable manner.
(g) Applicants applying for more than one Series of Bonds:
If an Applicant has applied for more than one Series of Bonds,
and in case such Applicant is entitled to allocation of only a
part of the aggregate number of Bonds applied for, the Series-
wise allocation of Bonds to such Applicants shall be in pro-
portion to the number of Bonds with respect to each Series,
applied for by such Applicant, subject to rounding off to the
nearest integer, as appropriate, in consultation with the Lead
Managers and the Stock Exchanges.
All decisions pertaining to the basis of allotment of Bonds pursu-
ant to the Issue shall be taken by our Company in consultation
with the Lead Managers, and the Designated Stock Exchange and
in compliance with the aforementioned provisions of the Pro-
spectus Tranche I. Our Company would allot Tranche I Series
1 A/ Tranche I Series 1B Bonds (depending upon the category
of Applicants) to all valid Applications, wherein the Applicants
have not indicated their choice of Series of Bonds.
38. Retention of oversubscription
Our Company is making a public issue of the Bonds aggregating
upto `750 crore
*
with an option to retain oversubscription of
Bonds up to ` 4,809.20 crore.
*
In terms of the CBDT Notification, in addition to the tranche(s)
of public issue, our Company may also raise Bonds on a private
placement basis in one or more tranches during the process of
the present Issue, not exceeding ` 1,500 crores, i.e. upto 30% of
the allocated limit for raising funds through the Bonds during
the Fiscal 2013, at its discretion. Our Company shall ensure
that Bonds issued through the public issue route and private
placement route shall together not exceed ` 4,809.20 crores. In
case our Company raises funds through private placements
during the process of the present Issue, the Shelf Limit for the
Issue shall get reduced by such amount raised.
39. Grouping of Applications and allocation ratio
For the purposes of the Basis of Allotment:
A. Applications received from Category I Applicants: Applica-
tions received fromApplicants belonging to Category I shall
be grouped together, (QIB Portion);
B. Applications received from Category II Applicants: Applica-
tions received fromApplicants belonging to Category II, shall
be grouped together, (Corporate Portion);
C. Applications received from Category III Applicants: Appli-
cations received fromApplicants belonging to Category III
shall be grouped together, (High Net Worth Individual Por-
tion); and
D. Applications received from Category IV Applicants: Appli-
cations received fromApplicants belonging to Category IV
shall be grouped together, (Retail Individual Investor Por-
tion).
21
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
For removal of doubt, the terms QIB Portion, Corporate Por-
tion, High Net Worth Individual Portion and Retail Indi-
vidual Investor Portion are individually referred to as a Por-
tion and collectively referred to as Portions.
For the purposes of determining the number of Bonds available
for allocation to each of the abovementioned Portions, our Com-
pany shall have the discretion of determining the number of Bonds
to be allotted over and above the Base Issue Size, in case our
Company opts to retain any oversubscription in the Issue upto `
4,809.20 crore. The aggregate value of Bonds decided to be allot-
ted over and above the Base Issue Size, (in case our Company
opts to retain any oversubscription in the Issue), and/or the ag-
gregate value of Bonds upto the Base Issue Size shall be collec-
tively termed as the Overall Issue Size.
40. Allocation ratio
Reservations shall be made for each of the Portions in the below
mentioned basis:
QIB Portion Corporate Portion High Net Worth Retail Individual
Individual Portion Investor Portion
10% of theOverall 20% of theOverall 30% of theOverall Issue 40% of theOverall Issue
IssueSize. IssueSize Size. Sizeout.
41. Allotment Advice/ Refund Orders
In case of Applications other than those made through the ASBA
process, the unutilised portion of the Application Amounts will
be refunded to the Applicant within 12 (twelve) Working Days of
the Issue Closure Date through any of the following modes:
i. Direct Credit Applicants having bank accounts with the
Bankers to the Issue shall be eligible to receive refunds through
direct credit. Charges, if any, levied by the relevant bank(s) for
the same would be borne by us.
ii. NECS Payment of refund would be done through NECS for
Applicants having an account at any of the 68 centres where
such facility has been made available. This mode of payment
of refunds would be subject to availability of complete bank
account details including the MICR code as available fromthe
Depositories. The payment of refunds through this mode will
be done for Applicants having a bank account at any centre
where NECS facility has been made available (subject to avail-
ability of all information for crediting the refund through NECS).
iii. NEFT Payment of refund shall be undertaken through NEFT
wherever the Applicants bank has been assigned the Indian
Financial SystemCode (IFSC), which can be linked to a
MICR, allotted to that particular bank branch. IFSC Code will
be obtained fromthe website of RBI as on a date immediately
prior to the date of payment of refund, duly mapped with MICR
numbers. In case of online payment or wherever the Investors
have registered their nine digit MICR number and their bank
account number with the depository participant while open-
ing and operating the demat account, the MICR number and
their bank account number will be duly mapped with the IFSC
Code of that particular bank branch and the payment of re-
fund will be made to the Investors through this method.
iv. RTGS If the refund amount exceeds ` 200,000, Applicants
have the option to receive refund through RTGS. Charges, if
any, levied by the refund bank(s) for the same would be borne
by us. Charges, if any, levied by the Applicants bank receiv-
ing the credit would be borne by the Applicant.
v. For all other Applicants (not being ASBA Applicants), refund
orders will be despatched through speed post/ registered post.
Such refunds will be made by cheques, pay orders or demand
drafts drawn in favour of the sole/ first Applicants and pay-
able at par at places where Application are received. Bank
charges, if any, for encashing such cheques, pay orders or
demand drafts at other centres will be payable by the Appli-
cants.
In the case of Applicants other than ASBA Applicants, applying
for the Bonds in dematerialised form, the Registrar will obtain
fromthe Depositories the Applicants bank account details, in-
cluding the MICR code, on the basis of the DP ID, Client ID and
PAN provided by the Applicants in their Application Forms. Ac-
cordingly, Applicants are advised to immediately update their
details as appearing on the records of their Depository Partici-
pants. Failure to do so may result in delays in dispatch of refund
orders or refunds through electronic transfer of funds, as appli-
cable, and any such delay will be at the Applicants sole risk and
neither our Company, the Registrar, the Escrow Collection Banks,
or the Members of the Syndicate, will be liable to compensate the
Applicants for any losses caused to themdue to any such delay,
or liable to pay any interest for such delay.
In case of ASBA Applicants, the Registrar shall instruct the rel-
evant SCSB to unblock the funds in the relevant ASBA Account
to the extent of the Application Amount specified in the Applica-
tion Forms for withdrawn, rejected or unsuccessful or partially
successful ASBA Applications within 12 (twelve) Working Days
of the Issue Closing Date.
Our Company and the Registrar shall credit the allotted Bonds to
the respective beneficiary accounts/ dispatch the Letters of Al-
lotment or letters of regret/ Refund Orders by registered post/
speed post/ordinary post at the Applicants sole risk, within 12
Working Days fromthe Issue Closure Date. We may enter into an
arrangement with one or more banks in one or more cities for
refund to the account of the applicants through Direct Credit/
RTGS/NEFT.
Further,
a) Allotment of Bonds in the Issue shall be made within a time
period of 12 Working Days fromthe Issue Closure Date;
b) Credit to dematerialised accounts will be given within two
Working Days fromthe Date of Allotment;
c) Interest at a rate of 15% per annumwill be paid if the Allotment
has not been made and/or the refund orders have not been
dispatched to the applicants within 12 Working Days fromthe
Issue Closure Date, for the delay beyond 12 Working Days;
and
Our Company will provide adequate funds to the Registrar for
this purpose.
42. Interest
42.1 Interest
(i) For Bondholders falling under Category I, II and III, the
Bonds under Tranche I Series 1A, Tranche I Series 2A
and Tranche I Series 3A shall carry interest at the inter-
est rate of 8.14% p.a., 8.51% p.a. and 8.49% p.a. respec-
tively payable from, and including, the Deemed Date of
Allotment up to, but excluding, their respective Maturity
Dates, payable annually on the Interest Payment Date, to
the Bondholders as of the relevant Record Date. The
annualised yield to Category I, II and III Bondholders would
be 8.14% p.a., 8.51% p.a. and 8.49% p.a for the Tranche I
Series 1A Bonds, the Tranche I Series 2A Bonds and the
Tranche I Series 3A Bonds, respectively.
(ii) For Bondholders falling under Category IV, the Bonds
under Tranche I Series 1B, Tranche I Series 2B and
Tranche I Series 3B shall carry interest at the interest rate
of 8.39% p.a., 8.76% p.a. and 8.74% p.a., respectively pay-
able from, and including, the Deemed Date of Allotment up
22
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
to, but excluding, their respective Maturity Dates, payable
annually on the Interest Payment Date, to the Bondhold-
ers as of the relevant Record Date. The annualized yield to
Category IV Bondholders would be 8.39% p.a., 8.76% p.a.
and 8.74% p.a., for the Tranche I Series 1B Bonds, the
Tranche I Series 2B Bonds and the Tranche I Series 3B
Bonds, respectively.
(iii) The interest rates indicated under Tranche I Series 1B,
Tranche I Series 2B and Tranche I Series 3B shall be
payable only on the Portion of Bonds allotted to Category
IV Allottees in the Issue. Such coupon is payable only if
on the Record Date for payment of interest, the Bonds are
held by Bondholders belonging to Category IV.
(iv) In the event the Tranche I Series 1B Bonds, the Tranche
I Series 2B Bonds and the Tranche I Series 3B Bonds
are transferred by Category IV Allottees to investors from
Category I, II and III, the interest rate on such Bonds shall
stand at par with interest rate applicable on the Tranche
I Series 1A Bonds, the Tranche I Series 2A Bonds and
the Tranche I Series 3A Bonds, respectively.
(v) If the Tranche I Series 1B Bonds, the Tranche I Series
2B Bonds and the Tranche I Series 3B Bonds are sold/
transferred by the Category IV Allottees to investors who
fall under Category IV on the Record Date, then the inter-
est rates on such Bonds shall remain unchanged.
(vi) Bonds allotted against Tranche I Series 1B, Tranche I
Series 2B and Tranche I Series 3B shall continue to carry
the specified interest rates if on the Record Date, such
Bonds are held by Bondholders belonging to Category IV;
(vii) If on any Record Date, the original Category IV Allottee(s)/
transferee(s) hold the Bonds under Tranche I Series 1B,
Tranche I Series 2B and Tranche I Series 3B for an
aggregate face value amount of over ` 10 lakhs, then the
interest rate applicable to such Category IV Allottee(s)/
transferee(s) on the Tranche I Series 1 Bonds, the Tranche
I Series 2 Bonds and the Tranche I Series 3 Bonds shall
stand at par with interest rates applicable on the Tranche
I Series 1A Bonds, the Tranche I Series 2A Bonds and
the Tranche I Series 3A Bonds, respectively;
For the purpose of classification and verification of status of
Category IV Bondholders, the aggregate face value of Bonds
held by the Bondholders in all the Series of Bonds, allotted under
the relevant Issue shall be clubbed and taken together on the
basis of PAN.
42.2 Day count convention
Interest on the Bonds shall be computed on an actual ba-
sis for the broken period, if any.
43. Interest on Application Amounts
43.1 Interest on application monies received which are used
towards allotment of Bonds
We shall pay interest on Application Amounts on the
amount allotted, subject to deduction of income tax under
the provisions of the Income Tax Act, as applicable, to any
Applicants to whomBonds are Allotted (except for ASBA
Applicants) pursuant to the Issue fromthe date of realiza-
tion of the cheque(s)/demand draft(s) upto one day prior
to the Deemed Date of Allotment, at the rate of 8.14% p.a.,
8.51% p.a. and 8.49% p.a in respect of Applications for
Allotment of Tranche I Series 1A Bonds, Tranche I
Series 2A Bonds and Tranche I Series 3A Bonds, respec-
tively made by Allottees under Categories I, II and III and
8.39% p.a., 8.76% p.a. and 8.74% p.a. in respect of Applica-
tions for Allotment of Tranche I Series 1B Bonds, Tranche
I Series 2B Bonds and Tranche 1 Series 3B Bonds,
respectively made by Allottees under Categories IV.
In the event that such date of realization of the cheque(s)/
demand draft(s) is not ascertainable in terms of banking
records, we shall pay interest on Application Amounts on
the amount Allotted fromthree Business Days fromthe
date of upload of each Application on the electronic Ap-
plication platform of the relevant stock exchanges upto
one day prior to the Deemed Date of Allotment, at the
aforementioned rates. A tax deduction certificate will be
issued for the amount of income tax so deducted.
We may enter into an arrangement with one or more banks
in one or more cities for direct credit of interest to the
account of the applicants. Alternatively, interest warrants
will be dispatched along with the Letter(s) of Allotment at
the sole risk of the applicant, to the sole/first applicant.
43.2 Interest on application monies received which are liable
to be refunded
We shall pay interest on Application Amounts which is
liable to be refunded to the Applicants (other than Appli-
cation Amounts received after the Issue Closure Date, and
ASBA Applicants) subject to deduction of income tax un-
der the provisions of the Income Tax Act, as applicable,
fromthe date of realization of the cheque(s)/demand draft(s)
upto one day prior to the Deemed Date of Allotment, at the
rate of 8.14% p.a., 8.51% p.a. and 8.49% p.a in respect of
Applications for Allotment of Tranche I Series 1A Bonds,
Tranche I Series 2A Bonds and Tranche I Series 3A
Bonds, respectively made by Applicants under Catego-
ries I, II and III and 8.39% p.a., 8.76% p.a. and 8.74% p.a. in
respect of Applications for Allotment of Tranche I Series
1 Bonds, Tranche IB Series 2B Bonds and Tranche 1
Series 3B Bonds, respectively made by Applicants under
Categories IV.
In the event that such date of realization of the cheque(s)/
demand draft(s) is not ascertainable in terms of banking
records, we shall pay interest on Application Amounts
liable to be refunded fromthree Business Days fromthe
date of upload of each Application on the electronic Ap-
plication platform of the relevant stock exchanges upto
one day prior to the Deemed Date of Allotment, at the
aforementioned rates. Such interest shall be paid along
with the monies liable to be refunded. Interest warrant will
be dispatched/credited (in case of electronic payment)
along with the letter(s) of refund at the sole risk of the
Applicant, to the sole/first Applicant. A tax deduction cer-
tificate will be issued for the amount of income tax so de-
ducted.
Provided that, notwithstanding anything contained here-
inabove, our Company shall not be liable to pay any inter-
est on monies liable to be refunded in case of (a) invalid
Applications or Applications liable to be rejected, and/or
(b) applications which are withdrawn by the applicant. See
the section titled Issue Procedure Rejection of Applica-
tions on page 80 of the Prospectus Tranche -1.
44. Redemption
44.1. The face value of the Bonds will be redeemed at par, on the
respective Maturity Dates of each of the Series of Bonds
under this Issue.
44.2 Procedure for Redemption by Bondholders
The procedure for redemption is set out below:
23
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
44.2.1 Bonds held in electronic form:
No action is required on the part of Bondholders at the
time of maturity of the Bonds.
44.2.2 Bonds held in physical form:
No action will ordinarily be required on the part of the
Bondholder at the time of redemption, and the Maturity
Amount will be paid to those Bondholders whose names
appear in the Register of Bondholders maintained by our
Company on the Record Date fixed for the purpose of re-
demption without there being a requirement for the sur-
render of the physical Consolidated Bond Certificate(s).
Our Company shall stand discharged of any liabilities aris-
ing out of any fraudulent transfer of the Bonds or non-
registration of transfer of Bonds with our Company.
45. Payments
45.1 Payment of Interest on Bonds
Payment of interest on the Bonds will be made to those
Bondholders whose name appears first in the Register of
Bondholders maintained by the Depositories and/or our
Company and/or the Registrar to the Issue, as the case
may be as, on the Record Date.
45.2 Record Date
The record date for the payment of interest or the Maturity
Amount shall be 15 Business Days prior to the date on
which such amount is due and payable (Record Date).
In case of redemption of Bonds, the trading in the Bonds
shall remain suspended between the record date and the
date of redemption. In the event the Record Date falls on a
Saturday, Sunday or a public holiday in New Delhi, the
succeeding Business Day will be considered as the Record
Date.
45.3. Effect of holidays on payments
If the date of interest payment or redemption falls on a
Saturday, Sunday or a public holiday in New Delhi, the
succeeding Business Day will be considered as the effec-
tive date. In case the date of payment of interest or princi-
pal or any date specified falls on a holiday, the payment
will be made on the next Business Day, without any inter-
est for the period overdue.
45.4. Whilst our Company will use the electronic mode for mak-
ing payments, where facilities for electronic mode of pay-
ments are not available to the Bondholder or where the
information provided by the Applicant is insufficient or
incomplete, our Company proposes to use other modes of
payment to make payments to the Bondholders, including
through the dispatch of cheques through courier, or regis-
tered post to the address provided by the Bondholder and
appearing in the Register of Bondholders maintained by
the Depositories and/or our Company and/or the Regis-
trar to the Issue, as the case may be as, on the Record
Date. Our Company shall pay interest as specified in the
Tranche Prospectus, over and above the interest rate of
the relevant Bonds, in the event that such payments are
delayed beyond a period of eight days after our Company
becomes liable to pay such amounts (except if such delays
are on account of delay in postal channels of the country
or insufficient information provided by the Bondholder).
45.5. Our Companys liability to the Bondholders including for
payment or otherwise shall stand extinguished fromthe
Maturity Date or on dispatch of the amounts paid by way
of principal and/or interest to the Bondholders. Further,
our Company will not be liable to pay any interest, income
or compensation of any kind accruing subsequent to the
Maturity Date.
46. Transfers
46.1 Transfer of Bonds held in dematerialised form:
In respect of Bonds held in the dematerialised form, trans-
fers of the Bonds may be effected, only through the De-
positories where such Bonds are held, in accordance with
the provisions of the Depositories Act and/or rules as
notified by the Depositories fromtime to time. The Bond-
holder shall give delivery instructions containing details
of the prospective purchasers Depository Participants
account to his Depository Participant. If a prospective
purchaser does not have a Depository Participant account,
the Bondholder may rematerialize his or her Bonds and
transfer themin a manner as specified in 4.2.2 below.
46.2 Transfer of Bonds in physical form:
The Bonds may be transferred in a manner as may be pre-
scribed by our Company for the registration of transfer of
Bonds. Purchasers of the Bonds are advised to send the
Consolidated Bond Certificate to our Company or to such
persons as may be notified by our Company fromtime to
time. If a purchaser of the Bonds in physical formintends
to hold the Bonds in dematerialised form, the Bonds may
be dematerialized by the purchaser through his or her
Depository Participant in accordance with the provisions
of the Depositories Act and/or rules as notified by the
Depositories fromtime to time.
The payment of stamp duty on transfer of Bonds as well
as the execution of instrument of transfer as required un-
der Section 108 of the Companies Act has been exempted
by Government of Indias Notification No. GSR 1294(E)
dated December 17, 1986. The Company will register the
transfer of Bonds, provided the Bond Certificate with the
details of name, address, occupation, if any, and signature
of the transferee on the reverse of the Bond Certificate is
delivered to the address of the Registrar mentioned herein,
by registered post or by hand delivery. No stamp duty is
payable under the said notification on such transfers. The
Company shall on being satisfied and subject to the provi-
sions of the Articles of Association register the transfer of
such Bonds in its books.
47. Special Tax Benefits
For the details of tax benefits, see the section titled Statement of
Tax Benefits on page 30 of the Prospectus Tranche -1.
48. Taxation
The Bonds are tax free in nature and the interest on the Bonds will
not formpart of the total income. For further details, see the sec-
tion titled Statement of Tax Benefits on page 30 of the Prospec-
tus Tranche -1.
49. Other Information
49.1. Manner of allotment
Allotment of the Bonds will be in physical form(for all
Applicants except for Eligible QFIs fromCategories II, III
and IV) and dematerialised form(for all Categories of Ap-
plicants). In terms of Bonds issued in dematerialised form,
our Company will take requisite steps to credit the demat
accounts of all Bondholders who have applied for the
Bonds in dematerialised formwithin 12 Working Days from
the Issue Closure Date.
Our Company will also issue Letters of Allotment to all
Bondholders who have applied for the Bonds in
dematerialised form(except Eligible QFIs) within 12 Work-
24
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
ing Days fromthe Issue Closure Date. Subsequent to the
payment of the consolidated stamp duty on the Bonds,
and upon the issuance of the order fromthe Collector evi-
dencing the payment of such consolidated stamp duty,
our Company and the Registrar shall dispatch Consoli-
dated Bond Certificates to all Bondholders holding Let-
ters of Allotment (in terms of the Register of Bondholders
as maintained by the Registrar), no later than three months
fromthe date of Allotment (in accordance with section 113
of the Companies Act). Upon receipt by Bondholders of
such Consolidated Bond Certificates as dispatched by the
Registrar and the Company, the Letters of Allotment shall
stand cancelled without any further action. Prospective
Bondholders should note that once Consolidated Bond
Certificates have been duly dispatched to all Bondholders
who had applied for Bonds in physical form, our Company
shall stand discharged of any liabilities arising out of any
fraudulent transfer of the Bonds purported to be effected
through Letters of Allotment.
49.2 Form of Allotment
The Allotment of the Bonds shall be in a dematerialized
form(for all Categories of Applicants) as well as physical
form(for all Applicants except for Eligible QFIs fromCat-
egories II, III and IV). Our Company has made depository
arrangements with CDSL and NSDL for the issuance of
the Bonds in dematerialized form, pursuant to the tripartite
agreement dated September 20, 2011 among our Company,
the Registrar and CDSL and the tripartite agreement dated
September 20, 2011 among our Company, the Registrar and
NSDL (collectively Tripartite Agreements).
Our Company shall take necessary steps to credit the
Depository Participant account of the Applicants with the
number of Bonds allotted in dematerialized form. The
Bondholders holding the Bonds in dematerialised form
shall deal with the Bonds in accordance with the provi-
sions of the Depositories Act, and/or rules as notified by
the Depositories fromtime to time.
The Bondholders may rematerialize the Bonds issued in
dematerialised form, at any time after Allotment, in accor-
dance with the provisions of the Depositories Act and/or
rules as notified by the Depositories fromtime to time.
In case of Bonds held in physical form, whether on Allot-
ment or on rematerialization of Bonds allotted in
dematerialised form, our Company will issue one certifi-
cate for each Series of Bonds to the Bondholder for the
aggregate amount of the Bonds that are held by such
Bondholder (each such certificate, a Consolidated Bond
Certificate). In respect of the Consolidated Bond
Certificate(s), our Company will, on receipt of a request
from the Bondholder within 30 Business Days of such
request, split such Consolidated Bond Certificate(s) into
smaller denominations in accordance with the applicable
regulations/rules/act, subject to a minimumdenomination
of one Bond. No fees will be charged for splitting any
Consolidated Bond Certificate(s) and any stamp duty, if
payable, will be paid by the Bondholder. The request to
split a Consolidated Bond Certificate shall be accompa-
nied by the original Consolidated Bond Certificate(s) which
will, on issuance of the split Consolidated Bond
Certificate(s), be cancelled by our Company.
49.3 Title
a. In case of:
i) the Bond held in the dematerialised form, the person for
the time being appearing in the register of beneficial own-
ers maintained by the Depositories; and
ii) the Bond held in physical form, the person for the time
being appearing in the Register of Bondholders (as de-
fined below) as Bondholder,
shall be treated for all purposes by our Company, the De-
benture Trustee, the Depositories and all other persons
dealing with such persons the holder thereof and its abso-
lute owner for all purposes whether or not it is overdue
and regardless of any notice of ownership, trust or any
interest in it or any writing on, theft or loss of the Consoli-
dated Bond Certificate issued in respect of the Bonds and
no person will be liable for so treating the Bondholder.
b. No transfer of title of a Bond will be valid unless and until
entered on the Register of Bondholders or the register of
beneficial owners, maintained by the Depositories and/or
our Company or the Registrar to the Issue prior to the
Record Date. In the absence of transfer being registered,
interest and/or Maturity Amount, as the case may be, will
be paid to the person, whose name appears first in the
Register of Bondholders maintained by the Depositories
and /or our Company and/or the Registrar to the Issue, as
the case may be. In such cases, claims, if any, by the
purchasers of the Bonds will need to be settled with the
seller of the Bonds and not with our Company or the Regis-
trar to the Issue.
49.4 Listing
The Bonds will be listed on the BSE.
49.5 Market Lot
The Bonds shall be allotted in physical form(for all Appli-
cants except for Eligible QFIs fromCategories II, III and
IV) as well as dematerialised form(for all Categories of
Applicants). In terms of the SEBI Debt Regulations, the
trading of the Bonds shall be in dematerialised formonly.
Since, the trading of Bonds is in dematerialized form, the
tradable lot for the Bonds is one Bond (Market Lot).
49.6 Procedure for rematerialisation of Bonds
Bondholders who wish to hold the Bonds in physical form,
after having opted for Allotment in dematerialised form
may do so by submitting a request to their Depository
Participant, in accordance with the applicable procedure
stipulated by the Depository Participant.
49.7 Procedure for dematerialisation of Bonds
Bondholders who have been allotted Bonds in physical
formand wish to hold the Bonds in dematerialized form
may do so by submitting his or her request to his or her
Depository Participant in accordance with the applicable
procedure stipulated by the Depository Participant.
49.8 Transfer of the Bonds, issue of Consolidated Bond Cer-
tificates, etc.
a. Register of Bondholders
Our Company shall maintain at its registered office or such
other place, as permitted by section 152A of the Compa-
nies Act, a register of Bondholders containing such par-
ticulars of the legal owners of the Bonds. Further, the regis-
ter of beneficial owners maintained by Depositories for
any Bond in dematerialised formunder Section 11 of the
Depositories Act shall also be deemed to be a register of
Bondholders for this purpose.
b. Formalities free of charge
Registration of a transfer of Bonds and issuance of new
Consolidated Bond Certificates will be effected without
25
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
charge by or on behalf of our Company, but on payment
(or the giving of such indemnity as our Company may
require) in respect of any tax or other governmental charges
which may be imposed in relation to such transfer, and our
Company being satisfied that the requirements concern-
ing transfers of Bonds, have been complied with.
c. Debenture Redemption Reserve (DRR)
Pursuant to Regulation 16 of the SEBI Debt Regulations
and section 117C of the Companies Act, any company that
intends to issue debentures needs to create a DRR to which
adequate amounts shall be credited out of the profits of
our company until the redemption of the debentures. Fur-
ther, the MCA has, through its circular dated February 11,
2013, specified that public financial institutions shall cre-
ate a DRR to the extent of 25% of the value of the deben-
tures issued through public issue. Accordingly, our Com-
pany shall create DRR of 25% of the value of Bonds is-
sued and allotted in terms of the Prospectus Tranche-I, or
such a percentage as may be required under the applicable
law as amended fromtime to time, for the redemption of the
Bonds. Our Company shall credit adequate amounts to
the DRR fromits profits every year until the Bonds are
redeemed. The amounts credited to the DRR shall not be
utilized by our Company for any purpose other than for
the redemption of the Bonds.
49.9 Deemed Date of Allotment
The Deemed Date of Allotment shall be the date on which
the Board of Directors/or any duly constituted committee
thereof, or the Chairman and Managing Director, approves
the Allotment of the Bonds for the Issue. All benefits relat-
ing to the Bonds including interest on Bonds (as specified
for the Issue in the Prospectus Tranche I) shall be avail-
able to the Bondholders fromthe Deemed Date of Allot-
ment. The actual allotment of Bonds may take place on a
date other than the Deemed Date of Allotment.
49.10 Underwriting
The Issue is not underwritten
49.11 Minimum Subscription
Under the SEBI Debt Regulations, our Company may stipu-
late a minimumsubscription amount which it seeks to raise.
Our Company has decided to set no minimumsubscrip-
tion for the Issue.
49.12 Manner and Mode of Payment
a. Manner of Payment:
All payments to be made by our Company to the Bond-
holders shall be made in any of the following manners:
(i) For Bonds applied or held in electronic form:
The bank details will be obtained fromthe Depositories for
payments. Investors who have applied or who are holding
the Bond in electronic form, are advised to immediately
update their bank account details as appearing on the
records of their Depository Participant. Failure to do so
could result in delays in credit of the payments to inves-
tors at their sole risk and neither the Lead Managers nor
our Company shall have any responsibility and undertake
any liability for such delays on part of the investors.
(ii) For Bonds held in physical form
The bank details will be obtained fromthe Registrar to the
Issue for effecting payments.
b. Modes of Payment
The mode of interest/ refund (except for refunds to ASBA
Applicants)/ redemption payments shall be undertaken in
the following order of preference:
(i) Direct Credit
Applicants having bank accounts with the Refund Banks,
as per the demographic details received fromthe Deposi-
tories shall be eligible to receive refunds through direct
credit.
Our Company shall not be responsible for any delay to the
Bondholder receiving credit of interest or refund or Matu-
rity Amount so long as our Company has initiated the
process in time.
(ii) NECS
Through NECS for Applicants having an account at any
of the centres notified by the RBI. This mode of payment
will be subject to availability of complete bank account
details including the Magnetic Ink Character Recognition
(MICR) code as appearing on a cheque leaf, fromthe
Depositories.
Our Company shall not be responsible for any delay to the
Bondholder receiving credit of interest or refund or Matu-
rity Amount so long as our Company has initiated the
process in time.
(ii) Real Time Gross Settlement (RTGS)
Applicants having a bank account with a bank branch
which is RTGS enabled as per the information available on
the website of RBI and whose payment amount exceeds `
2.00 lacs (or as may be specified by the RBI fromtime to
time) shall be eligible to receive refund through RTGS, pro-
vided the demographic details downloaded fromthe De-
positories contain the nine digit MICR code of the
Applicants bank which can be mapped with the RBI data
to obtain the corresponding Indian Financial SystemCode
(IFSC). Charges, if any, levied by the Refund Banks for
the same would be borne by our Company. Charges, if any,
levied by the Applicants bank receiving the credit would
be borne by the Applicant.
Our Company shall not be responsible for any delay to the
Bondholder receiving credit of interest or refund or Matu-
rity Amount so long as our Company has initiated the
process in time.
(iv) National Electronic Fund Transfer (NEFT)
Payment of refund shall be undertaken through NEFT
wherever the Applicants bank branch is NEFT enabled
and has been assigned the IFSC, which can be linked to an
MICR code of that particular bank branch. IFSC Code will
be obtained fromthe website of RBI as on a date prior to
the date of payment of refund, duly mapped with an MICR
code. Wherever the Applicants have registered their MICR
number and their bank account number while opening and
operating the beneficiary account, the same will be duly
mapped with the IFSC Code of that particular bank branch
and the payment will be made to the Applicants through
this method. The process flow in respect of refunds by
way of NEFT is at an evolving stage and hence use of
NEFT is subject to operational feasibility, cost and pro-
cess efficiency and the past experience of the Registrar to
the Issue. In the event NEFT is not operationally feasible,
the payment would be made through any one of the other
modes as discussed in this section.
Our Company shall not be responsible for any delay to the
Bondholder receiving credit of interest or refund or Matu-
rity Amount so long as our Company has initiated the
process in time.
(v) Cheques or demand drafts
26
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
By cheques or demand drafts made in the name of the
Bondholders whose names appear in the Register of Bond-
holders as maintained by our Company and/or as provided
by the Depositories. All cheques or demand drafts as the
case may be, shall be sent by registered/speed post/cou-
rier at the Bondholders sole risk.
c. Printing of bank particulars
As a matter of precaution against possible fraudulent
encashment of refund orders and interest/redemption war-
rants due to loss or misplacement, the particulars of the
Applicants bank account are mandatorily required to be
provided for printing on the orders/warrants. Applications
without these details are liable to be rejected. However, in
relation to Applications for dematerialised Bonds, these
particulars will be taken directly fromthe Depositories. In
case of Bonds held in physical formeither on account of
rematerialisation or transfer, the Bondholders are advised
to submit their bank account details with the Registrar to
the Issue before the Record Date, failing which the
amounts will be dispatched to the postal address of the
Bondholders. Bank account particulars will be printed on
the orders/warrants which can then be deposited only in
the account specified.
49.13 Debenture Trustee
a. Our Company has appointed SBICAP Trustee Company
Limited to act as the Trustee for the Bondholders. Our
Company intends to enter into a Debenture Trust Deed
with the Debenture Trustee, the terms of which will gov-
ern the appointment and functioning of the Debenture
Trustee and shall specify the powers, authorities and ob-
ligations of the Debenture Trustee. Under the terms of the
Debenture Trust Deed, our Company will covenant with
the Debenture Trustee that it will pay the Bondholders the
principal amount on the Bonds on the relevant Maturity
Date and also that it will pay the interest due on Bonds on
the rate specified under the Prospectus Tranche-I.
b. The Bondholders shall, without further act or deed, be
deemed to have irrevocably given their consent to the
Debenture Trustee or any of their agents or authorised
officials to do all such acts, deeds, matters and things in
respect of or relating to the Bonds as the Trustee may in
their absolute discretion deemnecessary or require to be
done in the interest of the Bondholders. Any payment
made by our Company to the Debenture Trustee on behalf
of the Bondholders shall discharge our Company pro tanto
to the Bondholders. All the rights and remedies of the
Bondholders shall vest in and shall be exercised by the
Debenture Trustee without reference to the Bondholders.
No Bondholder shall be entitled to proceed directly against
our Company unless the Debenture Trustee, having be-
come so bound to proceed, failed to do so.
c. The Debenture Trustee will protect the interest of the Bond-
holders in the event of default by our Company in regard
to timely payment of interest and repayment of principal
and they will take necessary action at our Companys cost.
Further, the Debenture Trustee shall ensure that the as-
sets of our Company are sufficient to discharge the princi-
pal amount at all time under this Issue.
49.14 Miscellaneous
a. Loan against Bonds
The Bonds can be pledged or hypothecated for obtaining
loans fromlending institutions in accordance with the lend-
ing policies of the concerned institutions.
b. Lien
Our Company shall have the right of set-off and lien,
present as well as future on the moneys due and payable
to the Bondholder or deposits held in the account of the
Bondholder, whether in single name or joint name, to the
extent of all outstanding dues by the Bondholder to our
Company.
c. Lien on pledge of Bonds
Subject to applicable laws, our Company, at its discretion,
may note a lien on pledge of Bonds if such pledge of Bond
is accepted by any bank, institution or others for any loan
provided to the Bondholder against pledge of such Bonds
as part of the funding.
d. Joint-holders
Where two or more persons are holders of any Bond(s),
they shall be deemed to hold the same as joint holders
with benefits of survivorship subject to applicable laws.
e. Sharing of information
Our Company may, at its option, use its own, as well as
exchange, share or part with any financial or other infor-
mation about the Bondholders available with our Com-
pany and affiliates and other banks, financial institutions,
credit bureaus, agencies, statutory bodies, as may be re-
quired and neither our Company nor its affiliates nor their
agents shall be liable for use of the aforesaid information.
f. Notices
All notices to the Bondholders required to be given by our
Company or the Trustee shall be published in at least one
national daily newspaper having wide circulation and/or,
will be sent by post/courier to the registered Bondholders
fromtime to time.
g. Issue of duplicate Consolidated Bond Certificate(s)
If any Consolidated Bond Certificate is mutilated or de-
faced it may be replaced by our Company against the sur-
render of such Consolidated Bond Certificates, provided
that where the Consolidated Bond Certificates are muti-
lated or defaced, they will be replaced only if the certificate
numbers and the distinctive numbers are legible.
If any Consolidated Bond Certificate is destroyed, stolen
or lost then on production of proof thereof to the Issuers
satisfaction and on furnishing such indemnity/security
and/or documents as it may deemadequate, duplicate Con-
solidated Bond Certificate(s) shall be issued.
The above requirement may be modified fromtime to time
as per applicable law and practice.
h. Future borrowings
Our Company shall be entitled at any time in the future
during the termof the Bonds or thereafter to borrow or
raise loans or create encumbrances or avail of financial
assistance in any form, and also to issue promissory notes
or bonds or any other securities in any form, manner, rank-
ing and denomination whatsoever and to any eligible per-
sons whatsoever and to change its capital structure in-
cluding through the issue of shares of any class, on such
terms and conditions as our Company may deemappropri-
ate, without requiring the consent of, or intimation to, the
Bondholders or the Debenture Trustee in this connection.
i. Jurisdiction
The Bonds, the Trust Deed and other relevant documents
shall be governed by and construed in accordance with
the laws of India. For the purpose of this Issue and any
matter related to or ancillary to the Issue the Courts of
New Delhi, India shall have exclusive jurisdiction.
27
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
OTHER INSTRUCTIONS
50. Events of default
a. The Debenture Trustee at its discretion may, or if so requested
in writing by the holders of not less than 75% in principal
amount of the Bonds then outstanding or if so directed by a
Special Resolution shall (subject to being indemnified and/or
secured by the Bondholders to its satisfaction), give notice to
our Company specifying that the Bonds and/or any particular
Series of Bonds, in whole but not in part are and have become
due and repayable at the early redemption amount on such
date as may be specified in such notice, among other things, if
any of the events listed in 15.2 below occur.
b. The complete list of events of default shall be as specified in
the Debenture Trust Deed.
c. The early redemption amount payable on the occurrence of an
event of default shall be as detailed in the Debenture Trust
Deed.
d. If an event of default occurs which is continuing, the Deben-
ture Trustee may with the consent of the Bondholders, ob-
tained in accordance with the provisions of the Debenture
Trust Deed, and with a prior written notice to our Company,
take action in terms of the Debenture Trust Deed.
e. In case of default in the redemption of Bonds, in addition to
the payment of interest and all other monies payable hereun-
der on the respective due dates, our Company shall also pay
interest on the defaulted amounts.
51. Bondholders rights, nomination, etc.
a. Rights of Bondholders
Some of the significant rights available to the Bondholders
are as follows:
(i) The Bonds shall not, except as provided in the Companies Act,
confer on Bondholders any rights or privileges available to
members of our Company including the right to receive no-
tices or annual reports of, or to attend and/ or vote, at the
Companys general meeting(s). However, if any resolution af-
fecting the rights of the Bondholders is to be placed before
the shareholders, such resolution will first be placed before
the concerned registered Bondholders for their consideration.
In terms of Section 219(2) of the Companies Act, Bondholders
shall be entitled to a copy of the balance sheet on a specific
request made to the Company.
(ii) The rights, privileges and conditions attached to the Bonds
may be varied, modified and/or abrogated with the consent in
writing of the Bondholders of at least three-fourths of the
outstanding amount of the Bonds or with the sanction of a
special resolution passed at a meeting of the concerned Bond-
holders. However, in the event that such consent or special
resolution pertains to modify or vary the terms and conditions
governing the Bonds, such consent or resolution shall not be
operative against our Company in the event that such con-
sent or resolution is not acceptable to the Company.
(iii) The registered Bondholder or in case of joint-holders, the
person whose name stands first in the Register of Bondhold-
ers shall be entitled to vote in respect of such Bonds, either by
being present in person or, where proxies are permitted, by
proxy, at any meeting of the concerned Bondholders sum-
moned for such purpose and every such Bondholder shall be
entitled to one vote on a show of hands and on a poll, his or
her voting rights shall be in proportion to the outstanding
nominal value of Bonds held by himor her on every resolution
placed before such meeting of the Bondholders.
(iv) Bonds may be rolled over with the consent in writing of the
holders of at least three-fourths of the outstanding amount of
the Bonds or with the sanction of a Special Resolution passed
at a meeting of the concerned Bondholders after providing at
least 21 days prior notice for such roll-over and in accordance
with the SEBI Debt Regulations. Our Company shall redeem
the Bonds of all the Bondholders, who have not given their
positive consent to the roll-over.
The above rights of Bondholders are merely indicative. The
final rights of the Bondholders will be as per the terms of the
Shelf Prospectus and the Prospectus Tranche-I and Deben-
ture Trust Deed to be executed by our Company with the
Debenture Trustee.
Special Resolution for the purpose of this section is a resolu-
tion passed at a meeting of Bondholders of at least three-
fourths of the outstanding amount of the Bonds, present and
voting.
b. Succession
Where Bonds are held in joint names and one of the joint
holders dies, the survivor(s) will be recognized as the
Bondholder(s) in accordance with the applicable laws. It will
be sufficient for our Company to delete the name of the de-
ceased Bondholder after obtaining satisfactory evidence of
his death, provided that a third person may call on our Com-
pany to register his name as successor of the deceased Bond-
holder after obtaining evidence such as probate of a will for
the purpose of proving his title to the Bonds. In the event of
demise of the sole or first holder of the Bonds, our Company
will recognize the executors or administrator of the deceased
Bondholders, or the holder of the succession certificate or
other legal representative as having title to the Bonds only if
such executor or administrator obtains and produces probate
of will or letter of administration or is the holder of the succes-
sion certificate or other legal representation, as the case may
be, froman appropriate court in India. The Board of Directors
of our Company in their absolute discretion may, in any case,
dispense with production of probate of will or letter of admin-
istration or succession certificate or other legal representa-
tion.
c. Nomination Facility to Bondholder
(i) The sole Bondholder or first Bondholder, along with other joint
Bondholders (being individual(s)) may nominate any one per-
son (being an individual) who, in the event of death of the
sole holder or all the joint-holders, as the case may be, shall
become entitled to the Bond. A person, being a nominee, be-
coming entitled to the Bond by reason of the death of the
Bondholders, shall be entitled to the same rights to which he
will be entitled if he were the registered holder of the Bond.
Where the nominee is a minor, the Bondholders may make a
nomination to appoint any person to become entitled to the
Bond(s), in the event of his death, during the minority. A nomi-
nation shall stand rescinded on sale of a Bond by the person
nominating. A buyer will be entitled to make a fresh nomina-
tion in the manner prescribed. When the Bond is held by two
or more persons, the nominee shall become entitled to receive
the amount only on the demise of all the Bondholders. Fresh
nominations can be made only in the prescribed formavail-
able on request at our Companys administrative office or at
such other addresses as may be notified by our Company.
(ii) The Bondholders are advised to provide the specimen signa-
ture of the nominee to our Company to expedite the transmis-
sion of the Bond(s) to the nominee in the event of demise of
the Bondholders. The signature can be provided in the Appli-
cation Formor subsequently at the time of making fresh nomi-
nations. This facility of providing the specimen signature of
the nominee is purely optional.
28
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
(iii) Any person who becomes a nominee under any applicable
laws shall on the production of such evidence as may be re-
quired by our Companys Board or Committee of Directors, or
the Chairman and Managing Director, as the case may be,
elect either:
(a) to register himself or herself as the holder of the Bonds; or
(b) to make such transfer of the Bonds, as the deceased holder
could have made.
(iv) Notwithstanding anything stated above, Applicants who are
allotted bonds in dematerialised formneed not make a sepa-
rate nomination with our Company. Nominations registered
with the respective Depository Participant of the Bondholder
will prevail. If the Bondholders require changing their nomina-
tion, they are requested to informtheir respective Depository
Participant. For Applicants who opt to hold the Bonds in physi-
cal form, the Applicants are require to fill in the details for
nominees as provided in the Application Form.
(v) Further, our Companys Board or Committee of Directors or
the Chairman and Managing Director, as the case may be, may
at any time give notice requiring any nominee of the deceased
holder to choose either to be registered himself or herself or to
transfer the Bonds, and if the notice is not complied with,
within a period of 90 days, our Companys Board or Commit-
tee of Directors or the Chairman and Managing Director, as
the case may be, may thereafter withhold payment of all inter-
ests or other monies payable in respect of the Bonds, until the
requirements of the notice have been complied with.
52. Joint Applications
Applications may be made in single or joint names (not ex-
ceeding three). In the case of joint Applications, all payments
will be made out in favour of the first Applicant. All communi-
cations will be addressed to the first named Applicant whose
name appears in the Application Formand at the address men-
tioned therein.
53. Additional/ Multiple Applications
An Applicant is allowed to make one or more Applications for
the Bonds for the same or different Series of Bonds, subject to
a minimumApplication size of `5,000andinmultiplesof`1,000
thereafter, for each Application. Any Application for an amount
below the aforesaid minimumApplication size will be deemed
as an invalid Application and shall be rejected. However, mul-
tiple Applications by the same Applicant belonging to Cat-
egory IV aggregating to a value exceeding `10,00,000shallbe
grouped in Category III, for the purpose of determining the
basis of allotment to such Applicant. However, any Applica-
tion made by any person in his individual capacity and an
Application made by such person in his capacity as a Karta of
an HUF and/or as joint Applicant (second or third applicant),
shall not be deemed to be a multiple Application.
54. Depository Arrangements
We have made depository arrangements with NSDL and CDSL
for issue and holding of the Bonds in dematerialised form. In
this context:
(i) Tripartite Agreements dated September 20, 2011, between us,
the Registrar and CDSL and NSDL, respectively have been
executed, for offering depository option to the Applicants.
(ii) It may be noted that Bonds in electronic formcan be traded
only on stock exchanges having electronic connectivity with
NSDL or CDSL. The BSE has connectivity with NSDL and
CDSL.
(iii)Interest or other benefits with respect to the Bonds held in
dematerialised form would be paid to those Bondholders
whose names appear on the list of beneficial owners given by
the Depositories to us as on Record Date. In case of those
Bonds for which the beneficial owner is not identified by the
Depository as on the Record Date/ book closure date, we
would keep in abeyance the payment of interest or other ben-
efits, till such time that the beneficial owner is identified by the
Depository and conveyed to us, whereupon the interest or
benefits will be paid to the beneficiaries, as identified, within a
period of 30 days.
(iv)The trading of the Bonds shall be in dematerialized formonly.
For further information relating to Applications for Allotment of
the Bonds in dematerialised form, see the sections titled Issue
Procedure Methods of Application and Issue Procedure
General Instructions on pages 59 and 73, respectively of the
Prospectus Tranche -1.
55. Communications
All future communications in connection with Applications made
in the Issue should be addressed to the Registrar quoting all
relevant details as regards the Applicant and its Application.
Applicants can contact our Compliance Officer as well as the
contact persons of our Company/ Lead Managers or the Regis-
trar in case of any Pre-Issue related problems. In case of Post-
Issue related problems such as non-receipt of Allotment Advice/
credit of Bonds in depositorys beneficiary account/ refund or-
ders, etc., applicants may contact our Compliance Officer as well
as the contact persons of our Company/Lead Managers or Regis-
trar. Please note that Applicants who have applied for the Bonds
through Trading Members should contact the relevant Stock
Exchange(s) in case of any Post-Issue related problems, such as
non-receipt of Allotment Advice / credit of Bonds in depositorys
beneficiary account/ refund orders, etc.
56. Revision of Applications
Applicants may revise/ modify their Application details during
the Issue Period, as allowed/permitted by the stock exchange(s),
by submitting a written request to the Members of the Syndicate/
Trading Member/SCSBS, as the case may be. In case of any revi-
sion of Application in connection with any of the fields which are
not allowed to be modified on the online Application platformof
the Stock Exchange(s) as per the procedures and requirements
prescribed by each relevant Stock Exchange, Applicants should
ensure that they first withdraw their original Application and sub-
mit a fresh Application. In such a case the date of the new Appli-
cation will be considered for date priority for Allotment purposes.
Revision of Applications is not permitted after the expiry of the
time for acceptance of Application Forms on Issue Closing Date.
However, in order that the Application data captured is accurate,
the Members of the Syndicate, Trading Members and Designated
Branches of the SCSBs will be given up to one Working Day after
the Issue Closing Date to modify/ verify certain selected fields
uploaded in the online systemduring the Issue Period, after which
the data will be sent to the Registrar for reconciliation with the
data available with the Depositories.
57. Utilisation of Application Amounts
The sumreceived in respect of the Issue will be kept in separate
bank accounts and we will have access to such funds as per
applicable provisions of law(s), regulations and approvals.
58. Utilisation of the proceeds of the Issue
(a) All monies received pursuant to the Issue of Bonds to public
shall be transferred to a separate bank account other than the
bank account referred to in sub-section (3) of section 73 of the
Companies Act.
(b) Details of all monies utilised out of Issue referred to in sub-
item(a) shall be disclosed under an appropriate separate head
in our Balance Sheet indicating the purpose for which such
29
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
monies had been utilised.
(c) Details of all unutilised monies out of issue of Bonds, if any,
referred to in sub-item(a) shall be disclosed under an appro-
priate separate head in our Balance Sheet indicating the form
in which such unutilised monies have been invested.
(d) We shall utilize the Issue proceeds only upon creation of se-
curity as stated in the Shelf Prospectus, receipt of the listing
and trading approval fromthe BSE.
(e) The Issue proceeds shall not be utilized towards full or part
consideration for the purchase or any other acquisition, inter
alia by way of a lease, of any property.
(f) All subscription monies received fromFIIs, Eligible NRIs, Eli-
gible QFIs and all other non resident Applicants across all
Categories through the Issue shall be kept in a separate ac-
count opened and maintained by the Company, the proceeds
of which account shall not be utilised for any lending pur-
poses in terms of the FEMA Borrowing Regulations.
59. Impersonation
Attention of the Applicants is specifically drawn to the provi-
sions of sub-section (1) of section 68 A of the Companies Act,
which is reproduced below:
Any person who:
a) makes in a fictitious name, an application to a company for
acquiring or subscribing for, any shares therein, or
b) otherwise induces a company to allot, or register any trans-
fer of shares, therein to him, or any other person in a ficti-
tious name,
shall be punishable with imprisonment for a term which may
extend to five years.
60. Listing
The Bonds will be listed on the BSE. Our Company has received
in-principle approval fromthe BSE for permission to deal in and
for an official quotation of our Bonds by its letter dated Septem-
ber 6, 2013. The application for listing of the Bonds will be made to
the BSE at an appropriate stage.
If permissions to deal in and for an official quotation of our Bonds
are not granted by the BSE, our Company will forthwith repay,
without interest, all moneys received fromthe applicants in pur-
suance of the Shelf Prospectus. Our Company shall ensure that
all steps for the completion of the necessary formalities for listing
and commencement of trading at the BSE are taken within 12
Working Days fromthe Issue Closure Date.
For the avoidance of doubt, it is hereby clarified that in the event
of non subscription to any one or more of the Series of Bonds,
such Bonds with Series of Bonds shall not be listed.
61. Undertakings by the Issuer
We undertake that:
a) the complaints received in respect of the Issue (except for
complaints in relation to Applications submitted to Trading
Members) shall be attended to by us expeditiously and satis-
factorily;
b) we shall take necessary steps for the purpose of getting the
Bonds listed within the specified time;
c) the funds required for dispatch of refund orders/ allotment
advice/ certificates by registered post shall be made available
to the Registrar by our Company;
d) necessary cooperation to the credit rating agencies shall be
extended in providing true and adequate information until the
debt obligations in respect of the Bonds are outstanding;
e) we shall forward the details of utilisation of the funds raised
through the Bonds duly certified by our statutory auditors, to
the Debenture Trustee at the end of each half year;
f) we shall disclose the complete name and address of the De-
benture Trustee in our annual report;
g) we shall provide a compliance certificate to the Trustee (on an
annual basis) in respect of compliance with the terms and
conditions of issue of Bonds as contained in the Shelf Pro-
spectus the Prospectus Tranche I; and
h) we shall make necessary disclosures/ reporting under any
other legal or regulatory requirement as may be required by
our Company fromtime to time.
62. Investor Withdrawals and Pre-closure
Withdrawal of Applications during the Issue Period
Withdrawal of ASBA Applications
ASBA Applicants can withdraw their Applications during the Is-
sue Period by submitting a request for the same to the Member of
the Syndicate, Trading Member or Designated Branch of an SCSB,
as the case may be, through whomthe ASBA Application had
been made. In case of ASBA Applications submitted to the Mem-
bers of the Syndicate or Trading Members at the Syndicate ASBA
Application Locations, upon receipt of the request for withdrawal
fromthe ASBA Applicant, the relevant Member of the Syndicate
or Trading Member, as the case may be, shall undertake requisite
actions, including deleting details of the withdrawn ASBA Appli-
cation Formfromthe electronic platformof the relevant Stock
Exchange(s). In case of ASBA Applications submitted directly to
a Designated Branch of an SCSB, upon receipt of the request for
withdrawal froman ASBA Applicant, the relevant Designated
Branch shall undertake requisite actions, including deleting de-
tails of the withdrawn ASBA Application Formfromthe electronic
platformof the relevant Stock Exchange(s) and un-blocking of the
funds in the ASBA Account directly.
Withdrawal of non ASBA Applications
Non-ASBA Applicants can withdraw their Applications during
the Issue Period by submitting a request for the same to the Mem-
ber of the Syndicate or Trading Member, as the case may be,
through whomthe Application had been made. Upon receipt of
the request for withdrawal fromthe Applicant, the relevant Mem-
ber of the Syndicate or Trading Member, as the case may be, shall
undertake requisite actions, including deleting details of the with-
drawn Application Formfromthe electronic platformof the rel-
evant Stock Exchange(s).
Withdrawal of Applications after the Issue Period
In case an Applicant wishes to withdraw an Application after the
Issue Closing Date, the same can be done by submitting a with-
drawal request to the Registrar to the Issue prior to the finaliza-
tion of the Basis of Allotment.
Pre-closure: Our Company, in consultation with the Lead Man-
agers reserves the right to close the Issue at any time prior to the
Issue Closing Date (subject to full subscription of the Retail Indi-
vidual Investor Portion prior to such early closure). Our Company
shall allot Bonds with respect to the Applications received till the
time of such pre-closure in accordance with the Basis of Allot-
ment as described hereinabove and subject to applicable statu-
tory and/or regulatory requirements.
63. Pre-Issue Advertisement
Our Company will issue a statutory advertisement on or before
the Issue Opening Date. This advertisement will contain the in-
formation as prescribed under the SEBI Debt Regulations. Mate-
rial updates, if any, between the date of filing of the Prospectus
Tranche I with the RoC and the date of release of this statutory
advertisement will be included in the statutory advertisement.
30
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
DETAILS PERTAINING TO THE COMPANY
GENERAL INFORMATION
Our Company was incorporated as Housing and Urban Develop-
ment Finance Corporation Private Limited on April 25, 1970 as a
private limited company under the Companies Act and was granted
a certificate of incorporation by the then Registrar of Companies,
Delhi. Subsequently the name of our Company was changed to its
present name and a fresh certificate of incorporation dated J uly 9,
1974 was issued by the then Registrar of Companies, Delhi and
Haryana. For further details, see the section titled History and
Certain Corporate Matters on page 72 of the Shelf Prospectus.
Our Company was notified as a public financial institution under
Section 4A of the Companies Act, on December 9, 1996. The Presi-
dent of India holds 100% of the paid up equity share capital of our
Company, either directly or through nominee shareholders.
Registered and Corporate Office
HUDCO Bhawan, Core- 7A, India Habitat Centre
Lodhi Road, New Delhi - 110003
Telephone: +91 11 2464 9610, Facsimile: +91 11 2464 8179
Website: www.hudco.org
Registration
Details Registration/Identification number
Company registration number 005276
CIN U74899DL1970GOI005276
NHB registration classifying theCompany 01.0016.01
as housing financecompany
Address of the Registrar of Companies
The Registrar of Companies
National Capital Territory of Delhi and Haryana
4
th
Floor, IFCI Tower, 61, Nehru Place
New Delhi 110 019, India
Telephone: +91 11 2623 5704, Facsimile: +91 11 2623 5702
CAPITAL STRUCTURE
Details of equity share capital
The following table lays down details of our authorised, issued,
subscribed and paid up Equity Share capital as on J une 30, 2013.
Particulars Aggregate value(` in crores)
Authorised share capital
25,000,000 Equity Shares 2,500.00
Issued, subscribed and paid
up Equity Share capital
20,019,000 Equity Shares 2,001.90
Securities premium account NIL
Details of change in authorized share capital
There have been no changes in our authorised Equity Share capi-
tal in the last five years.
For further details, please refer section Capital Structure on
page 43 of the Shelf Prospectus.
OUR MANAGEMENT
Board of Directors
Pursuant to the Articles of Association, our Company is required
to have not less than three and not more than ten Directors. Cur-
rently, our Company has eight Directors on the Board out of which
three are executive Directors, two are government nominee non-
executive Directors and three are independent Directors.
The following table sets forth details regarding the Board as on
date of the Shelf Prospectus.
Name/DIN/Address/ Nationality Date of Designation Other
Occupation Appointment Directorships
Mr. Veerappa Indian April 11, 2011 Chairman and Bangalore Metro Rail
Parameshwarappa Managing Corporation Limited
Baligar Director Delhi Mumbai Industrial
DIN: 00850615 Corridor Development
Address: Flat No. 235, Corporation Limited
Malwa Singh Block,
Khelgaon Marg, Asian
Games Village Complex,
New Delhi 110049
Occupation: Service
Mr. Nand Lal Manjoka Indian April 11, 2013 Director -
DIN: 06560566
Address: C-28, Ground Floor,
J ungpura (Near Sanatan
DharamMandir) SO,
New Delhi 110014
Occupation: Service
Mr. Anil Kumar Kaushik Indian May 30, 2013 Director -
DIN: 06600755
Address: P-290, Sector 12,
PratapVihar,
Ghaziabad-201009,
Uttar Pradesh
Occupation: Service
Mr. Karan Bir Singh Indian August 30, Director Hindustan Prefab Limited
Sidhu 2013
DIN: 03128133
Address: House no. 60,
Sector 19A,
Chandigarh - 160019
Occupation: Service
Mr. Naresh Salecha Indian J anuary 2, Director Hindustan Prefab Limited
DIN: 00843812 2013 National Building
Address: 253/2A, ConstructionCorporation
Railway Colony, Limited
Panchkuian Road, KolkataMetro Rail
New Delhi Corporation Limited
Occupation: Service Delhi Metro Rail
Corporation Limited
Prof. Dinesh Indian J anuary 16, Director
Bhikhubhai Mehta 2012
DIN: 01957927
Address: 501/A,
Shantanu Apartments,
Azad Society, Ahmedabad,
Gujarat- 380 015
Occupation: Emeritus
professorship
Mr. Virender Ganda Indian February 9, Director -
DIN: 01013057 2012
Address: Vishvas C-20,
South Extension, Part-II,
New Delhi-110049
Occupation: Professional
Prof. Sukhadeo Thorat Indian October 10, Director -
DIN: 06414412 2012
Address: HouseNo. 23,
Dakshina PuramCampus,
J awahar lal NehruUniversity,
New Delhi - 110067
Occupation: Professional
For further details, please refer section Our Management on
page 76 of the Shelf Prospectus.
Debt Equity Ratio
Long term debt to equity ratio:
The long termdebt to equity ratio of our Company prior to this
Issue is based on a total long termoutstanding debt of ` 16,739.52
crores, and shareholders funds, amounting to ` 6,427.11 crores
which was 2. 60 times as on March 31, 2013 The long termdebt to
equity ratio post the Issue (considering full subscription of `
5,000 crores, being the amount allocated by CBDT for our Com-
31
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
pany to raise through the Bonds), based on a total long term
outstanding debt of ` 21,739.52crores and shareholders funds of
` 6,427.11 crores, will be 3.38 times, the details of which are as
under:
(In ` crores)
Particulars Prior to the Issue Post-Issue
*
(as on March 31, 2013)
Debt
Short term debt 2,127.99 2,127.99
Long term debt 16,739.52 21,739.52
Total debt 18,867. 51 23,867. 51
Shareholders fund
Share capital 2,001.90 2,001.90
Reserves and surplus** excluding 4,425.21 4,425.11
revaluation reserve, CSR, Welfare
Reserve, Sustainable Development
Reserve and R&D reserve
Total shareholders funds 6,427.11 6,427.11
Long term debt/ equity 2.60 3.38
Total debt/ equity 2.94 3.71
*
Assuming that entire amount allocated through the CDBT No-
tification being ` 5,000.00 crore (including `190.80 crore raised
by way of private placement of tax free bonds allotted on Sep-
tember 2, 2013) will be fully subscribed and there is no change
in our shareholders funds, long and short term debt.
**
excluding revaluation reserve, CSR, Welfare Reserve, Sustain-
able Development Reserve and R&D reserve
SUMMARY FINANCIAL INFORMATION
Statement of Assets & Liabilities
(` in crore)
S . Particulars As at 31
st
As at 31
st
As at 31
st
As at 31
st
As at 31
st
No. March 2013 March 2012 March 2011 March 2010 March 2009
I EQUITY AND LIABILITIES
(1) Share Holders Funds
(a) Share Capital 2,001.90 2,001.90 2,001.90 2,001.90 2,001.90
(b) Reserves and Surplus 4,512.06 3,986.99 3,519.07 3,095.19 2,665.96
Sub-Total (1) 6, 513. 96 5, 988. 89 5, 520. 97 5, 097. 09 4, 667. 86
(2) Non-current Liabi liti es
(a) Long-term Borrowings 13,504.40 13,713.59 9,531.54 11,255.93 14,718.72
(b) Deferred Tax Liabilities (Net) 416.39 350.37 281.85 237.36 234.39
(c) Other Long-term Liabilities 104.15 51.74 119.71 128.90 196.08
(d) Long-term Provisions 219.23 211.83 163.40 143.01 168.43
Sub-Total (2) 14, 244. 17 14, 327. 53 10, 096. 50 11, 765. 20 15, 317. 62
(3) Current Li abi liti es
(a) Short-term Borrowings 48.54 - 100.00 220.00 -
(b) Trade Payable 18.78 31.10 10.72 10.46 10.15
(c) Other Current Liabilities 5,894.90 6,928.91 6,861.00 4,821.53 5,264.41
(d) Short-term Provisions 228.80 217.05 147.74 69.14 53.22
Sub-Total (3) 6, 191. 02 7, 177. 06 7, 119. 46 5, 121. 13 5, 327. 78
Total (1+2+3) 26, 949. 15 27, 493. 48 22, 736. 93 21, 983. 42 25, 313. 26
II ASSETS
(1) Non-current Assets
(a) Fixed Assets
(i) Tangible Assets 71.06 71.37 74.20 68.88 71.95
(ii) Intangible Assets - 0.01 0.01 0.01 0.02
(iii) Capital work-in-progress 17.65 13.87 11.81 9.58 9.07
8 8. 7 1 8 5. 2 5 8 6. 0 2 7 8. 4 7 8 1. 0 4
(b)Non-current Investments 683.98 813.98 1,223.98 1,298.98 1,523.98
(c) Long-term Loans and Advances 21,141.78 19,111.64 16,366.74 14,803.89 16,482.28
(d) Other Non-current Assets - - 6.40 1.85 -
Sub-Total (1) 21, 914. 47 20, 010. 87 17, 683. 14 16, 183. 19 18, 087. 30
(2) Current Assets
(a) Current I nvestments - 410.00 75.00 225.00 519.21
(b) Trade Receivable 10.60 12.52 16.57 12.15 21.82
(c) Cash and Bank Balances 696.77 2,778.84 716.20 755.86 1,052.38
(d) Other Current Assets 4,327.31 4,281.25 4,246.02 4,807.22 5,632.55
Sub-Total (2) 5,034.68 7,482.61 5, 053. 79 5, 800. 23 7, 225. 96
Total (1+2) 26, 949. 15 27, 493. 48 22, 736. 93 21, 983. 42 25, 313. 26
Statement of Profits
(` in crore)
S . Particulars Year Ended Year Ended Year Ended Year Ended Year Ended
No. 31
st
March 31
st
March 31
st
March 31
st
March 31
st
March
2 01 3 2 01 2 2 01 1 2 01 0 2009
I I nc ome
II Revenue from Operations 2,866.35 2,738.36 2,263.46 2,421.80 2,697.93
III Other I ncome 56.89 40.27 15.13 106.55 15.25
I V Total Revenue (II+III) 2, 923. 24 2, 778. 63 2, 278. 59 2, 528. 35 2, 713. 18
V Expense s
(i) Finance Cost 1,567.92 1,629.08 1,273.27 1,413.76 1,904.14
(ii) Employee Benefi ts Expense 122.30 110.52 114.45 92.48 75.75
(iii) Depreciation and Amortisation 4.96 4.60 11.42 4.52 4.67
(iv) Other Expenses 50.68 50.64 29.40 23.27 24.28
(v) Provisi on on Loans 133.00 37.18 27.80 210.67 -65.35
(vi) Provision on Debtors/recoverables, 2.39 6.71 1.43 0.14 0.15
other loans and advances
(vii) Provision on I nvestment - - - - 0.16
Total Expenses (V) 1, 881. 25 1, 838. 73 1, 457. 77 1, 744. 84 1, 943. 80
VI Profit before exceptional, 1,041.99 939.90 820.82 783.51 769.38
extraordinary Items and tax (IV-V)
VII Exceptional I tems - - - - -
VIII Profit before extraordi nary Items 1, 041. 99 9 39 . 9 0 8 20 . 8 2 7 83 . 5 1 7 69 . 3 8
and tax (VI-VII)
I X Extraordinary I tems - - - - -
X Prior period adjustments 19.71 0.07 0.29 0.87 6.25
XI Deferred Tax Liability for prior - - - - (120.96)
years transferred to General Reserve
XII Profit Before Tax (VIII-IX-X) 1, 061. 70 9 39 . 9 7 8 21 . 1 1 7 84 . 3 8 6 54 . 6 7
XIII Tax Expense
(i) Current tax -295.50 (250.00) (223.79) (267.71) (184.41)
(ii) Deferred tax (66. 01) (68.52) (44.49) (2.97) (71.07)
(iii) Fringe benefit tax - - - - (0.85)
(iv) Adjustment of tax of 0.37 8.88 (2.80) (18.39) 2.65
earlier years (Net)
Total Tax Expense XII (i+i i+ii i) ( 361. 14) ( 309. 64) ( 271. 08) ( 289. 07) ( 253. 68)
XI V Profit for the period (XI+XII) 7 00 . 5 6 6 30 . 3 3 5 50 . 0 3 4 95 . 3 1 4 00 . 9 9
XV Earnings per Share
( Face value ` 1000 )
(Refer S.No 16 of Note No 26 -
Explanatory Notes)
(1) Basic 3 49 . 9 5 314.87 274.75 247.42 200.30
(2) Diluted 3 49 . 9 5 314.87 274.75 247.42 200.30
Note: The Notes referred to above forman integral part of the
Financial Statements. For further details of Financial Information
, please refer to Annexure - A of the Shelf Prospectus. For limited
review Financial for the three months ended J une 30, 2013 please
refer to page 102 of the Shelf Prsopectus.
32
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
LEGAL AND OTHER INFORMATION
REGULATIONS AND POLICIES
For details, please refer section Regulations and Policies on page
68 of the Shelf Prospectus.
OUTSTANDING LITIGATION
Except as described below, there are no criminal prosecutions, tax
proceedings and other outstanding litigations against our Com-
pany that may have a material adverse effect on our business, and
there are no pending criminal prosecutions launched against our
Directors.
A. Criminal proceedings against our Company
1. M/s. Blue Heavens Agro Industries Limited (Blue Heavens)
has filed a complaint (No. 39(C)/2010) against our Company,
M/s. Friendly Estate and Essentials Private Limited
(Friendly), one of our regional managers, and others, be-
fore the CJ M, Patna alleging that one of our regional manag-
ers had conspired to sanction a loan to Friendly in violation of
the terms of the development agreement entered into between
Blue Heavens and the land owners of the building over which
development was undertaken. The CJ M, Patna has taken cog-
nizance of the complaint under sections 420, 406, 467, 471 read
with 120B of the IPC. The matter is currently pending.
2. The Union of India, through the Labour Enforcement Officer
(Central) has filed a complaint (No. 1342-C/2010) against our
Company and certain officials before the CJ M, Patna alleging
non-compliance of the provisions of the Contract Labour
(Regulation & Abolition) Act, 1970 including failure to regis-
ter the establishment with the appropriate government. The
matter is currently pending. Our Company has now complied
with the relevant requirements as verified by the compliance
verification report dated October 3, 2011 issued by the Labour
Enforcement Officer, Patna. The complaint is yet to be for-
mally disposed of.
3. M/s. Goswami Developers Private Limited has filed a com-
plaint (No. 1473-C/2009) against our Company and certain of
its employees before the CJ M, Patna alleging among other
things, criminal breach of trust and cheating in relation to non
disbursal of a part of the loan sanctioned to it by our Com-
pany. The CJ M, Patna has taken cognizance of the complaint
under sections 406, 420 and 120B of the IPC. Our Company
and its officials have filed a petition under section 482 of the
CrPC before the High Court of Patna for quashing the order of
the CJ M, Patna taking cognizance of the complaint. The High
Court of Patna has granted an interimstay on the order of the
CJ M, Patna taking cognizance. The matter is currently pend-
ing for hearing of the other side.
B. Other material litigations involving our Company
Our Company, in the ordinary course of its business, is in-
volved in legal proceedings including civil, arbitration, tax and
labour matters. Material litigation involving our Company
which may adversely affect our business, (wherever quantifi-
able, involving an amount greater than ` 27 crores which is
less than 1% of the total revenue of our Company for the
Fiscal 2013 and 1% of the net worth of our Company as on
March 31, 2013) are disclosed below.
Arbitration, writ and other matters of civil nature
1. Our Company has filed an application (No. 56 of 2006) against
Mr. Chandrakant Raghunath Patil, of C.R. Patil Estate and oth-
ers, before the DRT, Ahmedabad to recover an amount of `
3,56,90,890 which was outstanding on loans given by our
Company. The defendants have filed a counter-claimdated
J anuary 4, 2008 claiming an amount of ` 96.24 crores in lieu of,
among other things, amounts not disbursed, fees paid, and
loss of projected profits. Mr. C.R.Patil has submitted a pro-
posal dated J anuary 9, 2012 for settlement of dues and has
subsequently paid the entire outstanding amount to our Com-
pany. The matter is currently pending.
2. Our Company has filed a contempt petition (No. 224 of 2008)
against the Municipal Corporation of Delhi (MCD) before
the Supreme Court of India alleging non compliance of its
earlier order directing MCD to pay an amount of ` 24.47 crores
to our Company as excessive property tax and interest thereon.
The MCD filed a counter affidavit dated March 18, 2009 plead-
ing for a set-off of ` 27.92 crores as tax payable fromthe period
allegedly not covered by the order of the Supreme Court. Sub-
sequently, the MCD has now issued a demand notice dated
J anuary 2, 2013 revising the demanded amount to ` 84.27 crores
against which notice, a writ petition (no. 467/2013) has been
filed by our Company in the High court of Delhi (writ petition
no. 467/2013) praying for appropriate writ and other directions
to quash the demand notice dated J anuary 2, 2013. The High
Court, by an order dated March 31, 2013, has stayed the op-
eration of the demand notice dated J anuary 2, 2013 and di-
rected our Company to deposit ` 7 crore with the MCD pend-
ing final orders which has subsequently been deposited by
the Company. The matter is currently pending.
3. MS Shoes East Limited (MSSEL) filed a case (No. 2/1997)
against our Company before the Additional District J udge,
Delhi challenging the cancellation of the allotment of 9 blocks
of guest houses, restaurants, kitchens and shops to MSSEL
by our Company and praying for recovery of possession of
the aforementioned properties. The case was subsequently
transferred to the High Court of Delhi pursuant to its order
dated December 17, 2003 and consequently renumbered as
No. 1551/2005. Our Company has filed an application dated
December 10, 2008 for rejection of plaint. The matter has been
referred for mediation by the High Court of Delhi vide order
dated November 8, 2012. The matter is currently pending.
4. MSSEL has filed a suit (No. 1 of 1997) against our Company
before the Senior Civil J udge, New Delhi (SCJ) challenging
the cancellation of allotment of a hotel plot to MSSEL by our
Company. The SCJ pursuant to its order dated J uly 3, 2010 has
invalidated the cancellation of the hotel plot by our Company.
Our Company has filed an appeal dated August 14, 2010 be-
fore the District J udge, New Delhi. Subsequently, the Addi-
tional District J udge, Saket has, by an order dated November
23, 2012, referred the matter for mediation with the Delhi High
Court Mediation and Conciliation Centre (DHCMC). The
matter is currently pending at the DHCMC.
5. The Centre for Public Interest Litigation (CPIL) has filed a
writ petition (No. 573 of 2003) against our Company and oth-
ers before the Supreme Court of India alleging among other
33
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
things, arbitrary use of power in the sanctioning of loans
amounting to ` 14,500 crores, release of ` 8,500 crores, sub-
scription in privately placed debentures of ` 1250 crores and
write off of ` 550 crores in financial year 2002-03. CPIL prayed
for an investigation by an independent investigative agency
into the affairs of our Company, among other reliefs. Pursuant
to the above, the Central Vigilance Commission (CVC) con-
ducted a vigilance audit, enquiry and submitted a report dated
March 27, 2006 reporting irregularities in certain lending deci-
sions of our Company. Our Company has filed objections dated
September 20, 2006 against the report of the CVC before the
Supreme Court. The matter is currently pending.
6. The International Human Rights Association has filed a writ
petition (No. 8254 of 2010) against the Union of India, our
Company and others alleging irregularities in the award of a
contract to Samadhan Sewa Samiti, a non-governmental
organisation for the construction of toilets for the urban poor
and in the rural areas under the Integrated Low Cost Sanita-
tion Scheme, a project appraised by our Company. The matter
is currently pending.
7. M/s North Eastern India Trust for Education and Develop-
ment, the petitioners in the case, has filed a contempt petition
(W.A.(SH) No. 10 of 2012) before the high court of Gauhati
against Mr. V.P.Baligar, in his capacity as the Chairman and
Managing Director of our Company and the regional chief of
our Companys Guwahati regional office, for alleged non com-
pliance of the order dated April 27, 2012 of the Gauhati high
court for one time settlement with the petitioners. The Court
has issued a notice dated September 24, 2012 ((C)(SH)No.26/
2012/1400-1401) seeking reasonable cause for not initiating
proceedings under the Contempt of Court Act, 1971. The mat-
ter is currently pending.
Service matters
1. Mr. A.N. Gupta filed a writ petition (No. 6972 of 2002) against
the Public Enterprises Selection Board, our Company and oth-
ers before the High Court of Delhi challenging the termination
of his services as Director (Finance) in our Company. The
High Court of Delhi, pursuant to an order dated May 8, 2003
dismissed the petition. Against this order, the petitioner pre-
ferred a letters patent appeal (No. 398 of 2003) before the divi-
sion bench of the High Court of Delhi, which was also dis-
missed pursuant to its order dated February 7, 2006. Mr. Gupta
subsequently filed a review petition (No. 121/2006 in LPA No.
398/2003) before the High Court of Delhi, which was also dis-
missed pursuant to order dated March 24, 2006. Mr. Gupta has
now filed a special leave petition dated J une 27, 2006 before
the Supreme Court of India against the orders dated February
7, 2006 and March 24, 2006 of the High Court of Delhi. The
matter is currently pending.
2. Mr. Kulwant Singh filed a writ petition (No. 16002 of 2006)
against our Company before the High Court of Delhi challeng-
ing his removal fromservice fromour Company. The petition
was transferred to the Central Administrative Tribunal, New
Delhi (CAT), which pursuant to its order dated November
29, 2010 quashed the order of removal and directed for pay-
ment of among other things, gratuity, full pay and allowances
during the period of suspension. Our Company filed a writ
petition (No. 756 of 2011) before the High Court of Delhi against
the order of the CAT. In the meanwhile, the CAT initiated
contempt proceedings (CP(C) 305/2011) against the ex-chair-
man and managing director of our Company for non compli-
ance of its order dated November 29, 2010. The High Court of
Delhi, pursuant to order dated April 5, 2011 has stayed the
contempt proceedings pending before CAT till the writ peti-
tion is disposed of. The matters are currently pending.
Tax matters
1. The Additional Commissioner of Income Tax, New Delhi
(ACIT) passed an assessment order dated December 28,
2007 against our Company disallowing an amount of ` 55.87
crores claimed as expenses in relation to, among other things,
interest accrued but not due on foreign currency loans and
revenue derecognisation in accounts in the assessment year
2005-06. Against this assessment order, our Company has filed
an appeal before the Commissioner of Income Tax (Appeals)
which was partly allowed pursuant to an order dated J anuary
11, 2012. Our Company has filed an appeal before the Income
Tax Appellate Tribunal, New Delhi against the said order. The
matter is currently pending.
2. The ACIT passed an assessment order dated February 28,
2005 against our Company demanding an additional amount
of ` 24.78 crores as tax and penalty payable for assessment
year 2003-04 with respect to, among other things, prior period
expenditure, interest accrued but not due on foreign currency
loans and financial charges written off. Against this assess-
ment order, our Company filed an appeal before the Commis-
sioner of Income Tax (Appeals) which was partly allowed pur-
suant to an order dated J anuary 31, 2006. Against this order,
our Company has filed an appeal before the Income Tax Ap-
pellate Tribunal, New Delhi. The matter is currently pending.
3. The ACIT passed an assessment order dated March 19, 2004
against our Company demanding an additional amount of `
21.76 crores as tax and penalty payable for assessment year
2002-03 with respect to among other things, interest accrued
but not due on foreign currency loans and financial charges
written off and deductions made on account of interest pay-
able to the government. Against this assessment order, our
Company filed an appeal before the Commissioner of Income
Tax (Appeals) which was partly allowed pursuant to order
dated J anuary 30, 2006. Our Company has filed an appeal be-
fore the Income Tax Appellate Tribunal, New Delhi. The matter
is currently pending.
4. The DCIT passed an assessment order dated March 28, 2013
against our Company demanding an additional amount of `
133.11 crores as tax and penalty payable for assessment year
2007-08 with respect, to among other things, additions under
section 14 A of the IT Act, disallowance of provision of salary
for the purpose of pay revision and decline in profits due to
change in accounting policies. Against this assessment order,
our Company filed an appeal before the Commissioner of In-
come Tax (Appeals). The matter is currently pending.
5. The ACIT passed an assessment order dated March 30, 2013
against our Company demanding an additional amount of `
68.07 crores as tax and penalty payable for assessment year
2010-11 with respect to among other things, additions under
34
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
section 14 A of the IT Act, revenue derecognition in accounts
and financial charges written off and expenditure on grant-in-
aid. Against this assessment order, our Company filed an ap-
peal before the Commissioner of Income Tax (Appeals). The
matter is currently pending.
MATERIAL DEVELOPMENTS
Material developments post March 31, 2013
The following are the material developments of our Company
after March 31, 2013, i.e. the date of the last audited financial
statements of the Company:
1. The Company has obtained refinance assistance of `500 crores
under the Rural Housing Fund sanctioned by the NHB. For
further details, see the section titled Financial Indebtedness
- Refinance Assistance from National Housing Bank on page
87 of the Prospectus Tranche -1.
2. The Company has made allotment of unsecured, non-con-
vertible, redeemable taxable bonds to various classes of in-
vestors on private placement basis. For further details, see the
section titled Financial Indebtedness Taxable Bonds on
page 90 of the Prospectus Tranche -1.
3. The Company has issued commercial paper amounting to `
300 crore in the nature of usance promissory notes. For fur-
ther details, see the section titled Financial Indebtedness
Commercial Paper on page 95 of the Prospectus Tranche -1.
4. In pursuance of the CBDT Notification, our Company has, on
September 2, 2009, allotted tax free secured non-cumulative
redeemable non-convertible bonds of face value of ` 10,00,000
each in the nature of debentures having tax benefits under
section 10 (15) (iv) (h) of the Income Tax Act aggregating to `
190.80 crore, by way of private placement through the book
building process (2013 Private Placement). The 2013 Pri-
vate Placement opened on August 29, 2013 and closed on
August 30, 2013.
5. For unaudited quarterly results of our Company for the three
months ended J une 30, 2013 please refer to page 102 of the
Shelf Prospectus.
OTHER REGULATORY AND STATUTORY DISCLOSURES
64. Eligibility to make the Issue
Our Company, the persons in control of our Company or the pro-
moter have not been restrained, prohibited or debarred by SEBI
fromaccessing the securities market or dealing in securities and
no such order or direction is in force.
65. Consents
Consents in writing of the Directors, the Compliance Officer, the
Statutory Auditors, Bankers to the Company, Escrow Collection
Banks/ Bankers to the Issue, Lead Managers, ConsortiumMem-
bers, Registrar to the Issue, Legal Counsel to the Company as to
Indian law, Credit Rating Agencies and the Debenture Trustee for
the Bondholders, to act in their respective capacities, have been
obtained and shall be filed along with a copy of the Prospectus
Tranche-I with the RoC.
Our Company has appointed SBICAP Trustee Company Limited
as Debenture Trustee under regulation 4(4) of the SEBI Debt Regu-
lations. The Debenture Trustee has given its consent to our Com-
pany for its appointment which is enclosed as Annexure C.
66. Expert Opinion
Except for the letters dated September 9, 2013 and September 6,
2013 issued by CARE and IRRPL, respectively, in respect of the
credit rating for the Bonds, and the report on Reformatted Au-
dited Financial Statements dated August 29, 2013 and the state-
ment of tax benefits dated August 29, 2013 issued by our Statu-
tory Auditors, our Company has not obtained any expert opin-
ions in respect of the Issue.
67. Common Form of Transfer
There shall be a common formof transfer for the Bonds held in
physical formand relevant provisions of the Companies Act and
all other applicable laws shall be duly complied with in respect of
all transfer of the Bonds and registration thereof.
68. Minimum Subscription
Under the SEBI Debt Regulations, our Company may stipulate a
minimumsubscription amount which it seeks to raise. Our Com-
pany has decided to set no minimumsubscription for the Issue.
69. No Reservation or Discount
In terms of the CBDT Notification, 40% of the total Issue size shall
be earmarked towards Investors fromCategory IV. Apart from
such reservation, there is no reservation in this Issue nor will any
discount be offered in this Issue, to any category of investors.
70. Previous Public Issues by our Company during last five years
1. On March 7, 2012, our Company issued and allotted 4.68 crore
tax free bonds, in the nature of secured, redeemable non-con-
vertible debentures (2012 Bonds) at a price of `1,000per
2012 Bond, amounting to an aggregate of `4,684.72crorepur-
suant to a public offering under the SEBI Debt Regulations
which opened on J anuary 27, 2012 and closed on February
10,2012(2012 Bonds Issue). The electronic credit of the
2012 Bonds to investors pursuant to the 2012 Bonds Issue
was completed on March 10, 2012 (March 8, 2012 was a holi-
day). Furthermore, letters of allotment for the 2012 Bonds were
dispatched to all investors (who had applied for allotment of
the 2012 Bonds in physical form) on March 12, 2012. The 2012
Bonds were listed on the Stock Exchanges on March 20, 2012.
2. On February 16, 2013, our Company issued and allotted 2.194
crore tax free bonds, in the nature of secured, redeemable non-
convertible debentures (2013 Tranche I Bonds) at a price
of `1,000per2013TrancheIBond,amountingtoanaggre-
gate of `2193.4crorepursuanttoapublicofferingunderthe
SEBI Debt Regulations which opened on J anuary 9, 2013 and
closed on February 7, 2013 (2013 Tranche I Bonds Issue).
The electronic credit of the 2013 Tranche I Bonds to inves-
tors pursuant to the 2013 Tranche I Bonds Issue was com-
pleted on February 18, 2013. Furthermore, letters of allotment
for the 2013 Tranche I Bonds were dispatched to all inves-
tors (who had applied for allotment of the 2013 Tranche I
Bonds in physical form) on February 19, 2013. The 2013
Tranche I Bonds were listed on the NSE and BSE on Febru-
ary 21, 2013 and April 3, 2013, respectively (the listing of the
2013 Tranche I Bonds at BSE was effected along with the
2013 Tranche II Bonds (as defined hereinafter)).
3. On March 28, 2013, our Company issued and allotted 0.207
crore tax free bonds, in the nature of secured, redeemable non-
convertible debentures (2013 Tranche II Bonds) at a price
35
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
of `1,000per2013TrancheIIBond,amountingtoanaggre-
gate of `207.01crorepursuanttoapublicofferingunderthe
SEBI Debt Regulations which opened on February 21, 2013
and closed on March 18, 2013 (2013 Tranche II Bonds
Issue). The electronic credit of the 2013 Tranche II Bonds
to investors pursuant to the 2013 Tranche II Bonds Issue
was completed on March 28, 2013. Furthermore, letters of al-
lotment for the 2013 Tranche II Bonds were dispatched to all
investors (who had applied for allotment of the 2013 Tranche
II Bonds in physical form) on March 30, 2013. The 2013
Tranche II Bonds were listed on the Stock Exchanges on
April 3, 2013.
71. Commission or Brokerage on Previous Public Issues
1. An amount of `20.51croreswasincurredtowardsleadman-
agement fees, and selling commission in connection with the
2012 Bonds Issue.
2. An amount of `7.22croreswasincurredtowardsleadman-
agement fees, and selling commission in connection with the
2013 Tranche I Bonds Issue.
3. An amount of `1.17croreswasincurredtowardsleadman-
agement fees, and selling commission in connection with the
2013 Tranche II Bonds Issue.
72. Change in auditors of our Company during the last three
years
Name Address Date of appointment/ Auditor of
resignation/ cessation the Company
since
Agiwal & Associates Lal Kothi, 2nd Floor, 3830, July 29, 2013 August 12, 2009
Pataudi HouseRoad ,
DaryaGanj,
New Delhi - 110002
Dhawan& Co., 312, WegmansHouse, 21 Veer July 29, 2013 July 29, 2013
CharteredAccountants Savarkar Block, Shakarpur,
New Delhi 110092
73. Revaluation of assets
Our Company has not revalued its assets in the last five years.
74. Utilisation of Proceeds
The funds proposed to be raised through the Issue shall be uti-
lized towards lending purposes, working capital requirements,
augmenting the resource base of our Company and other opera-
tional requirements. For more information pertaining to utilisation
of proceeds, see the section titled Objects of the Issue on page
28 of the Prospectus Tranche -1.
75. Statement by the Board of Directors
(i) All monies received out of the Issue shall be transferred to a
separate bank account other than the bank account referred
to in sub-section (3) of section 73 of the Companies Act;
(ii) Details of all monies utilised out of the Issue referred to in
sub-item(i) shall be disclosed under an appropriate separate
head in our Balance Sheet indicating the purpose for which
such monies were utilised; and
(iii)Details of all unutilised monies out of the Issue referred to in
sub-item(i), if any, shall be disclosed under an appropriate
separate head in our Balance Sheet indicating the formin which
such unutilised monies have been invested.
The funds raised by us fromprevious issues of bonds have
been utilised for our business as stated in the respective offer
documents.
76. Disclaimer clause of BSE
BSE Limited (the Exchange) has given vide its letter dated
September 6, 2013, permission to the Company to use the
Exchanges name in this offer document as one of the stock ex-
changes on which this companys securities are proposed to be
listed. The Exchange has scrutinized this offer document for its
limited internal purpose of deciding on the matter of granting the
aforesaid permission to the Company. The Exchange does not in
any manner: -
a) warrant, certify or endorse the correctness and completeness
of any of the contents of this offer document; or
b) warrant that this Companys securities will be listed or will
continue to be listed on the Exchange; or
c) take any responsibility for the financial or other soundness of
this Company, its promoters, its management or any scheme
or project of this Company;
and it should not for any reason be deemed or construed that
this offer document has been cleared or approved by the Ex-
change. Every person who desires to apply for or otherwise
acquires any securities of this Company may do so pursuant to
independent inquiry, investigation and analysis and shall not
have any claim against the Exchange whatsoever by reason of
any loss which may be suffered by such person consequent to or
in connection with such subscription/ acquisition whether by
reason of anything stated or ommitted to be stated herein or for
any other reason whatsoever.
77. Disclaimer in Respect of Jurisdiction
The Issue is being made in India, to Investors fromCategory I,
Category II, Category III and Category IV. The Shelf Prospectus
and the Prospectus Tranche- I will not, however constitute an
offer to sell or an invitation to subscribe for the Bonds offered
hereby in any jurisdiction other than India to any person to whom
it is unlawful to make an offer or invitation in such jurisdiction.
Any person into whose possession the Shelf Prospectus and the
Prospectus Tranche - I comes is required to informhimself or
herself about, and to observe, any such restrictions.
US disclaimer
Nothing in the Prospectus Tranche I constitutes an offer of
securities for sale in the United States or any other jurisdiction
where it is unlawful to do so. The Bonds have not been, and will
not be, registered under the U.S. Securities Act of 1933, as amended
(Securities Act), or the securities laws of any state of the United
States or other jurisdiction and the Bonds may not be offered or
sold within the United States or to, or for the account or benefit
of, U.S. Persons (as defined in Regulation S under the Securities
Act) except pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act and
applicable state securities laws. The Issuer has not registered and
does not intend to register under the U.S. Investment Company
Act, 1940 in reliance on section 3(c)(7) thereof. The Prospectus
Tranche I may not be forwarded or distributed to any other
person and may not be reproduced in any manner whatsoever,
and in particular, may not be forwarded to any U.S. Person or to
36
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
any U.S. address.
Each other purchaser of the Bonds will be required to represent
and agree, among other things, that (i) such purchaser is a non-
U.S. person acquiring the Bonds in an offshore transaction in
accordance with Regulation S, and (ii) any reoffer, resale, pledge
or transfer of the Bonds by such purchaser will not be made to a
person in the United States or to a person known by the under-
signed to be a U.S. Person, in each case in accordance with all
applicable securities laws.
EU disclaimer
No offer to the public (as defined under Directive 20003/71/EC,
together with any amendments) and implementing measures
thereto, (the Prospectus Directive) has been or will be made in
respect of the Issue or otherwise in respect of the Bonds, in any
member State of the European Economic Area which has imple-
mented the Prospectus Directive except for any such offer made
under exemptions available under the Prospectus Directive, pro-
vided that no such offer shall result in a requirement to publish or
supplement a prospectus pursuant to the Prospectus Directive,
in respect of the Issue or otherwise in respect of the Bonds.
Any forwarding, distribution or reproduction of this document in
whole or in part is unauthorised. Failure to comply with this direc-
tive may result in a violation of the Securities Act or the applicable
laws of other jurisdictions. Any investment decision should be
made on the basis of the final terms and conditions of the Bonds
and the information contained in the Prospectus Tranche - I.
78. Track Record of past issues handled by the Lead Managers
The track record of past issues handled by Axis Capital Limited,
Edelweiss Financial Services Limited, HDFC Bank Limited, Karvy
Investor Services Limited andRR Investors Capital Services Pri-
vate Limited are available at www.axiscap.in,
www.edelweissfin.com, www.hdfcbank.com, www.karvy.comand
www.rrfinance.com/www.rrfcl.comrespectively.
79. Listing
The Bonds will be listed on the BSE, the Designated Stock Ex-
change. The BSE has given its in-principle listing approval through
its letter dated Septemer 6, 2013.
If the permission to list and trade the Bonds has not been granted
by the BSE, our Company shall forthwith repay, without interest,
all such moneys received fromthe Applicant in pursuance of the
Prospectus Tranche I. If any such money is not repaid within
eight days after our Company becomes liable to repay it (expect if
such delays are on account of delay in postal channels of the
country), our Company and every Director who is an officer in
default shall, on and fromthe expiry of the eighth day, be jointly
and severally liable to repay that money with interest at 15% per
annum, as prescribed under section 73 of the Companies Act. Our
Company shall use best efforts to ensure that all steps for the
completion of the necessary formalities for listing and commence-
ment of trading at the BSE will be taken within 12 Working Days
fromthe Issue Closing Date.
80. Dividend
For details of dividends paid by our Company for the financial
years ended March 31, 2009, 2010, 2011, 2012 and 2013, see the
section titled Annexure A Financial Statements on page 167
of the Shelf Prospectus.
81. Mechanism for redressal of investor grievances
Karvy Computershare Private Limited has been appointed as the
Registrar to the Issue to ensure that investor grievances are
handled expeditiously and satisfactorily and to effectively deal
with investor complaints.
All grievances relating to the Issue should be addressed to the
Registrar to the Issue and the Compliance Officer giving full de-
tails of the Applicant, number of Bonds applied for, amount paid
on application series/option applied for and Member of the Syn-
dicate/Trading Member/SCSB to which the application was sub-
mitted.
All grievances relating to the ASBA process may be addressed to
the Registrar to the Issue with a copy to either (a) the relevant
Designated Branch of the SCSB where the Application Formwas
submitted by the ASBA Applicant, or (b) the concerned Member
of the Syndicate and the relevant Designated Branch of the SCSB
in the event of an Application submitted by an ASBA Applicant at
any of the Syndicate ASBA Centres, giving full details such as
name, address of Applicant, Application Formnumber, series/
option applied for, number of Bonds applied for, amount blocked
on Application.
All grievances arising out of Applications for the Bonds made
through Trading Members may be addressed directly to the rel-
evant Stock Exchange(s).
RISK FACTORS
You should carefully consider all the information in the Shelf
Prospectus, including the risks and uncertainties described be-
low, and in the sections titled Our Business on page 55 of the
Prospectus Tranche -1, as well as the financial statements con-
tained in the Shelf Prospectus, before making an investment in
the Bonds. The risks and uncertainties described in this section
are not the only risks that we currently face. Additional risks
and uncertainties not known to us or that we currently believe
to be immaterial may also have an adverse effect on our busi-
ness, results of operations and financial condition. If any of the
following or any other risks actually occur, our business, pros-
pects, results of operations and financial condition could be
adversely affected and the price of, and the value of your invest-
ment in, the Bonds could decline and you may lose all or part of
your investment.
The financial and other related implications of risks concerned,
wherever quantifiable, have been disclosed in the risk factors
mentioned below. However, there are certain risk factors where
such implications are not quantifiable and hence any quantifica-
tion of the underlying risks has not been disclosed in such risk
factors. The numbering of risk factors has been done to facilitate
the ease of reading and reference, and does not in any manner
indicate the importance of one risk factor over another. You should
consult your tax, financial and legal advisors about the particular
consequences to you of an investment in the Bonds.
Unless otherwise stated, our financial information used in this
section is derived fromour Reformatted Audited Financial State-
ments.
RISKS IN RELATION TO OUR BUSINESS
1. If the level of NPAs in our loan portfolio were to increase,
our financial condition would be adversely affected.
37
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
2. We may not be able to foreclose on or realise the value of
our collateral on a timely basis, or at all, when borrowers
default on their obligations to us and this may have a mate-
rially adverse effect on our business, results of operations
and financial condition.
3. Our business is vulnerable to interest rate volatility and we
will be impacted by any volatility in such interest rates in
our operations, which could cause our net interest margins
to decline and adversely affect our profitability.
4. We may not be able to successfully manage and maintain
our growth, which could have a material adverse effect on
our results of operations and financial condition.
5. Any inability to meet our debt finance obligations may have
an adverse effect on our business and results of operations.
6. We face asset-liability mismatches which could affect our
liquidity and consequently may adversely affect our opera-
tions and profitability.
7. Financing of Indian housing and urban infrastructure sec-
tor is very competitive and increasing competition may re-
sult in declining margins and market shares.
8. We may be unable to secure funding at competitive rates,
which could adversely affect our growth, expansion and re-
sults of operations.
9. We are currently involved in certain criminal proceedings,
and any adverse decision in any of these proceedings may
have an adverse effect on our business, results of operations
and financial condition.
10. Our business may be adversely affected by future regulatory
changes.
11. We have a limited history with respect to operating through
joint ventures and certain other business lines and are sub-
ject to all of the risks and uncertainties associated with com-
mencing new business lines in general.
12. We have high loan concentrations with our top ten borrow-
ers contributing to 34.67% of our total loans outstanding as
on March 31, 2013 and default by any one of them could
significantly affect our business.
13. We are subject to certain restrictive covenants in our loan
documents, which may restrict our operations and ability to
grow and may adversely affect our business.
14. Our Directors may have interests in companies/entities simi-
lar to ours, which may result in a conflict of interest that
may adversely affect future financing opportunity from re-
ferrals.
15. We are involved in certain legal proceedings, which, if de-
termined against us, could adversely impact our business
and financial condition.
16. We have experienced incidents of fraud in the past and may
experience such frauds in the future as well, which may have
an adverse effect on our business, results of operation and
financial condition.
17. In the event of our failing to meet the capital adequacy and
statutory liquidity requirements on account of any changes
in the existing regulatory policy, our results of operation
and financial condition could be severely affected.
18. In the event that our contingent liabilities were to materialise,
our financial condition could be adversely affected.
19. We may be required to bear additional tax liability for pre-
vious assessment years, which could adversely affect our
financial condition.
20. We are subject to risks arising from exchange rate fluctua-
tions and devaluation of the Indian rupee against any for-
eign currencies which could increase our cost of finance,
thereby adversely affecting our results of operation and fi-
nancial condition.
21. Borrowing for the purchase or construction of property may
not continue to offer borrowers the same fiscal benefits it
currently offers, which would result in lower demand for our
housing finance portfolio, and thereby, adversely affect our
business.
22. The upgrade of our Information Technology systems is due,
and in the event such upgrade is unsuccessful or delayed,
our business could be significantly affected.
23. Our Registered Office is not owned by or leased to us, and in
the event we are unable to continue to operate from such
premises, our business, financial condition and results of
operation may be adversely affected.
24. With regard to the composition of our Board, we are cur-
rently not in compliance, and have not been able to comply
on certain occasions in the past, with guidelines issued by
the Department of Public Enterprises.
25. Our statutory auditors have qualified their audit report on
our financial statements in the past and any qualifications
in the auditors report in the future may impact our results of
operations.
26. Our profits and cashflows could be adversely affected upon
the approval of the Voluntary Retirement Scheme 2013 by
our shareholders.
27. We have negative cash flows in recent periods and an in-
ability to generate and sustain positive cash flows in the
future may adversely affect our business, results of opera-
tion and financial condition.
28. Office copies of some of the forms required to be filed with
the RoC in the past with regard to certain corporate actions
are not traceable in our office as also with the RoC, which
may affect our compliance with the Companies (Central Gov-
ernment) General Rules and Forms, 1956.
29. We benefit from certain tax benefits available to us as a
public financial institution and if these benefits are no longer
available to us, our business, financial condition, results of
operations may be adversely affected.
30. Loss of our key management personnel may have an ad-
verse affect on our business, results of operations, financial
condition and ability to grow.
31. In the event that our insurance is not adequate to protect us
against all potential losses to which we are exposed; our
business, profitability and financial condition may be ad-
versely affected.
32. The proposed adoption of IFRS may result in our financial
condition and results of operations appearing materially
38
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
different than under Indian GAAP.
RISKS IN RELATION TO THE BONDS
33. Foreign investors, including NRIs and FIIs subscribing to
the Bonds are subject to risks in connection with exchange
control regulations and fluctuations in foreign exchange
rates.
34. The Bonds are classified as tax free bonds eligible for tax
exemption under Section 10(15)(iv)(h) of the Income Tax
Act, up to an amount of interest on such bonds.
35. There is no guarantee that the Bonds issued pursuant to this
Issue will be listed on the BSE in a timely manner, or at all.
36. You may not be able to recover, on a timely basis or at all, the
full value of the outstanding amounts and/or the interest
accrued thereon in connection with the Bonds.
37. Any downgrading in credit rating of our Bonds may affect
the trading price of the Bonds.
38. Changes in interest rates may affect the prices of the Bonds.
39. A debenture redemption reserve will be created, only up to
an extent of 25% for the Bonds and in the event of default in
excess of such reserve, Bondholders may find it difficult to
enforce their interests.
40. Payments made on the Bonds will be subordinated to cer-
tain tax and other liabilities preferred by law.
EXTERNAL RISKS
41. A slowdown in economic growth in India could cause our
business to be adversely affected.
42. Increased volatility or inflation of commodity prices in In-
dia could adversely affect our Companys business.
43. Political instability or changes in the GoI could adversely
affect economic conditions in India and consequently, our
business.
44. Natural calamities could have a negative impact on the In-
dian economy and could cause our business to be adversely
affected.
45. Difficulties faced by other banks, financial institutions or
the Indian financial sector generally could cause our busi-
ness to be adversely affected.
46. The proposed new Indian taxation system could adversely
affect our Companys business and the price of the Bonds.
47. Any downgrading of Indias debt rating by an international
rating agency could have a negative impact on our busi-
ness.
48. The market value of your investment may fluctuate due to
the volatility of the Indian securities market.
MATERIAL CONTRACTS AND DOCUMENTS FOR
INSPECTION
For the material contracts (not being contracts entered into in the
ordinary course of business carried on by our Company or en-
tered into more than two years before the date of the Shelf Pro-
spectus) which are or may be deemed material have been entered
or are to be entered into by our Company please refer to Page 96
of the Prospectus Tranche I. These contracts and also the docu-
ments for inspection referred to hereunder, may be inspected on
Working Days at the Registered and Corporate Office of our Com-
pany situated at HUDCO Bhawan, Core- 7A, India Habitat Centre,
Lodhi Road, New Delhi 110003, India, from10.00 a.m. and 12.00
noon on any Working Day during which Issue is open for public
subscription under the Prospectus Tranche-I.
DECLARATION
We, the undersigned, hereby declare that all the relevant provi-
sions of the Companies Act, 1956, the guidelines issued by the
Government of India and the regulations and guidelines issued
by the Securities and Exchange Board of India established under
Section 3 of the Securities and Exchange Board of India Act, 1992,
as the case may be, including the Securities and Exchange Board
of India (Issue and Listing of Debt Securities) Regulations, 2008,
have been complied with and no statement made in the Prospec-
tus Tranche I is contrary to the provisions of the Companies
Act, 1956, the Securities and Exchange Board of India Act, 1992 or
rules and regulations made thereunder, as the case may be.
We further certify that all the statements in the Prospectus Tranche
I, are true and correct and do not omit disclosure of any material
fact which may make the statements made therein, in light of cir-
cumstances under which they were made, misleading and that the
Prospectus Tranche I does not contain any mis-statements.
Signed by the Board of Directors of the Company
Veerappa Parameshwarappa Baligar
Chairman and Managing Director
Nand Lal Manjoka
Director
Anil Kumar Kaushik
Director
Karan Bir Singh Sidhu
Director
Naresh Salecha
Director
Dinesh Bhikhubhai Mehta
Director
Virender Ganda
Director
Sukhadeo Thorat
Director
Place : New Delhi
Date : September 11, 2013
FOR FURTHER DETAILS, PLEASE REFER TO THE
SHELF PROSPECTUS AND PROSPECTUS TRANCHE - I.
39
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
TIMING FOR SUBMISSION OF APPLICATION FORM
Application shall be accepted only between 10.00 a.m. and 5.00 p.m. (Indian Standard Time, IST) during the Issue Period as mentioned above
by the Members of the Syndicate, Trading Members and designated branches of SCSBs, except that on the Issue Closing Date when the
Applications if any, shall be accepted only between 10.00 a.m. and 3.00 p.m. (IST) and shall be uploaded until 5.00 p.m. (IST) or such extended
time as permitted by the Stock Exchanges. It is clarified that the Applications not uploaded in the Stock Exchange Platform would be rejected.
Due to limitation of time available for uploading the Applications on the Issue Closing Date, the Applicants are advised to submit their
Applications one day prior to the Issue Closing Date and, in any case, no later than 3.00 p.m. (IST) on the Issue Closing Date. All times mentioned
in the Prospectus are Indian Standard Time. Applicants are cautioned that in the event a large number of Applications are received on the Issue
Closing Date, as is typically experienced in public offerings, some Applications may not get uploaded due to lack of sufficient time.
Such Applications that cannot be uploaded will not be considered for allocation under the Issue. Applications will be accepted only on Business
Days, i.e., Monday to Friday (excluding any public holiday). Neither our Company, nor any Member of the Syndicate, is liable for any failure in
uploading the Applications due to faults in any software/hardware system or otherwise.
CENTERS FOR AVAILABILITY AND ACCEPTANCE OF APPLICATION FORMS
In case of Applicant applying through ASBA Process in any Specified Cities i.e. 12 cities, namely, Mumbai, Chennai, Kolkata, Delhi, Ahmedabad,
Rajkot, J aipur, Bangalore, Hyderabad, Pune, Baroda and Surat, the ASBA Applicant can also submit their Application Form with the Members
of Syndicate, at the addresses provided below, for uploading of the Application. The respective Member of Syndicate after uploading of the
Application shall forward the Application Form to the Specified Branches of SCSBs for blocking of funds. At all other places (except Specified
Cities, as above),the ASBA Application Forms should be submitted with the Designated Branch of SCSBs only and non ASBA Applications
should be submitted to the Members of Syndicate/ Trading Members as specified below:
BIDDING CENTRE DETAILS
AXIS CAPITAL LIMITED
AGRA : SMC Global Securities Ltd,F- 4, Block No 35, Surya Kiran Building Near Metro Bar Sanjay Place, Ph:,7520787708, AHMEDABAD : Marwadi
Shares & Finance,9/10, Haridarshan Complex, Opp HDFC Bank,Maninagar Chaar Rasta,Maninagar, Pin:380008, Amrapali Capital & Finance Services
Ltd,19-21, Narayan Chambers, 3rd Fl, Ashram Rd, Pin:380009, Ph:079-26581329, J ay Yogeshwar Securities,1, J awahar Shopping Centre, Nr. BOI,
J awahar Chowk, Maninagar, Pin:380008, Ph:9428594723, J M Financial Services Ltd,G-10 Chinubhai Centre, Gr. Flr,Nehru Bridge Corner,Ashram
Road,Pin-380009,Ph:079-26576666, Kotak Securities Limited,207, 2nd Floor, Sakar-I I, Ellisbridge Corner, Ashram Road, Ph:26587276, Marwadi
Shares & Finance,Amazon Corporation Park,-Part 4, B/h.Navrangpura Post Office,Choice Restaurant Lane,Off C G Rd, Pin:380009, Marwadi Shares
& Finance,Ast-Mangal, Nr Rajasthan Hospital, Sahibaug, Pin:380004, Nitin Parikh & Co,101, Akashganga, Near Dr.Munshis Nursing Home, Gujarat
College Road, Pin:380006, Ph:079-26404510, Pravin Ratilal Share & Stock Brokers Ltd,Sakar-I, 6th Floor, Opp.Gandhigram Rly Stn,Navrangpura,
Pin:380009, Ph:079-26553700, SMC Global Securities Ltd,10-A, Kalapurnam,C G Road ,Near Municipal Market, Pin:380003, Ph:,9825612323,
BANGALORE : Axis Capital Ltd,2A, 2nd Floor, REDIFICE Signature, Hospital Road, Pin:560001, Ph:080-40333222, J M Financial Services
Ltd, 97/4 Residency Rd, Pin - 560 025.Ph:-080- 30912400, Kotak Securities Limited,Umiya LandmarkI I Flr., No:10/7 -Lavelle Rd, Ph:66203601,
SMC Global Securities Ltd,2003/2, 2nd Floor, (above tata docomo showroom), 100 ft road, HAL 2nd Stage, Pin:560008, Ph:,9739161699, Way2wealth
Brokers Pvt Ltd,Frontline Grandeur, Gr Floor, No 14, Walton Road, Pin:560001, Ph:080-43676859, BHAVNAGAR : Marwadi Shares & Finance,203-
Prithvi Complex. 2nd Floor, Kalanala, Ph:0278-2433713, BHOPAL : Kalpataru Multiplier Ltd,102-103, Earning Point, Mandakini Chouraha,
Ph:0755-4276709, Kalpataru Multiplier Ltd,12-B, Indrapuri, Near SBI, Plant Area Branch, Bhel, Pin:462021, Ph:0755-4261959, Kalpataru Multiplier
Ltd,134-136, Bhopal Plaza, Nr Bhopal Talkies, Hamidia Road, Ph:0755-4094059, Kalpataru Multiplier Ltd,E-3/103 Arera Colony, Near Cindrella
School, Pin:462016, Ph:0755-4276724, Kalpataru Multiplier Ltd,Hall-2, 1st Flr, Above Central Bk,GTB Cmplx, T T Nagar, Pin:462001, Ph:0755-
4235726, Kalpataru Multiplier Ltd,Kalpataru House, 18 Itwara, Pin:462001, Ph:0755-4084201, CHANDIGARH : SMC Global Securities Ltd,SCO -
122-123, 2nd Floor, Cabin No -61, Sector -8C,Madhya Marg, Pin:160009, Ph: CHENNAI : Axis Securities Ltd,11, Vijay Delux Apts., 7/4 First
Main Road, CIT Colony, Mylapore, Pin:600004, Ph:044-39184335/ 4226, J M Financi al Servi ces Ltd, Gee Gee Crystal - 5th Floor,91-92.
Dr.Radhakrishnan Salai,Mylapore, Pin:600004. Ph:044-42255666, Kotak Securities Limited,GRR Business Cneter, No.21, Vaidyaraman Street, T
Nagar, Ph:66462000, SMC Global Securities Ltd,Salzburg square,flat no.1, 3rd Floor,Door no .107,Harrington Road Chetpet, Pin:600031, Ph: Sun N
Sun Financial Services,357, Mint Street, 2nd Flr, Sowcarpet, Pin:600079, Ph:044-5395925, Systematix Shares & Stocks Ltd,4th Floor,EGA Trade
Centre,Block C &D, 809,Poonamallee High Rd, Pin:600010, Ph:044-30582078, COIMBATORE : Kotak Securities Limited,1st Floor, Red rose
chamber, 1437,Trichy road, Ph:6699666, DEHRADUN : SMC Global Securities Ltd,7,8,9&10 shiva palace, second floor, rajpur Road, Pin:248001,
Ph:,9368572105, DURGAPUR : Eureka Stock & Share Broking Services Ltd,Acharjee Market, Ground Floor, Benachitty, Pin:713213, Ph:0343-
2584650, GUWAHATI : Pukhraj Lunkar,Ground Floor, Sagar Apts., Satijayamati Road, B/H.Vrindavan Mkt., Athgaon, Pin:781001, Ph:0361-2511933,
HISSAR : SMC Global Securities Ltd,Mago Securities Ltd 104, SCF Gram, 1st Floor Green Square Market, Ph:,9416023332, HYDERABAD : Axis
Securities Ltd,6-3-650/217B & C, Maheshwari Chambers, 2nd Flr.,Somajiguda, Pin:500082, Ph:040-39893626/30658502, J M Financial
Services Ltd, 9-10 Uma Chambers,3rd Floor, Banjara Hills, Pin:500034. Ph:040-66360009, Kotak Securities Limited,9-1-777, 4th Flr, Beside I TC
Bldg, S D Rd, (LANE Opp to DBR Diagnosis, Ph:65326394, SMC Global Securities Ltd,206, 3rd floor Bhuvana Towers, Above CMR Exclusive, S D
Road, Secunderabad, Pin:500003, Ph:9347453777, Systematix Shares & Stocks Ltd,6-3-650, 2nd Floor, Office-206, Maheshwari Chambers, Somajiguda,
Pin:500082, Ph:040-30789113, J M Financial Services Ltd, 3rd Floor, 305 J ade Arcade, Opp Paradise Hotel, M G Road, Secundrabad, Pin:500003.
Ph:040-39825200 INDORE : Kotak Securities Limited,314, Citi Centre, 570, M.G. Road, Ph:2537336, J M Financial Services Ltd, UG-7 & 8, Ground
Floor, D M Tower, ,21/1, Race Course Road, Pin:452004,Ph:0731-3072111, SMC Global Securities Ltd,206,Gold Arcade 3/1 New Palasia Opp Curewell
hospital, Ph:,9826062666, Systematix Shares & Stocks Ltd,206-207,Bansi Trade Centre,565/581,M G Road, Pin:452001, Ph:0731-3018111/15,
Ashwani Dandia & Co,Room No. 236, J aipur Stock Exchange Building, Malviya Nagar, Pin:302107, Ph:0141-2371603/ 2360790, Eureka Stock &
Share Broking Services Ltd,213/214 J aipur Towers, M.G. Road, Pin:302001, Ph:0141-3918040/41, JAIPUR : Ashwani Dandia & Co,7, Gopinath Marg,
New Colony, Ph:0141-2371603, J M Financial Services Ltd, G-7 & G-8,Brij Anukamba,Plot No.K-13, Ashoka Marg,C-Scheme, Pin:302001, Ph:0141-
3984400, SMC Global Securities Ltd,401, 4th Floor Shyam Anukampa Opp HDFC BANK Ashok Marg C scheme, Ph:,9001799686, Systematix Shares
& Stocks Ltd,116, 1st Floor, Sunny Paradise, Nr Kamal & Co., Tonk Road, Pin:302018, Ph:0141-3963876, JAMNAGAR : Marwadi Shares &
Finance,433-438, Indraprasth Complex, 4th Flr.,Nr Nobat karyalay,Pancheshwar Tower Rd, Pin:3610001, Ph:0288-2551763, Varia Securities,Mahavir,
1st Floor, Grain Market, Pin:361001, Ph:0288-2550821, JAMSHEDPUR : Eureka Stock & Share Broking Services Ltd,1st Floor, RJ S Bldg, Diagonal
Road, Bistapur, Ph:0657-2428777/ 2439882, SMC Global Securities Ltd,K2-L1 Tiwary Becher Complex ,P.O. Bistupur, Pin:831001, Ph:,9934399678,
JODHPUR: Nine Star Broking Pvt Ltd,112,Parvati Shiv Krupa Tower, 1st A-B Road, Sardarpura, Pin:342003, Ph:0291-5150000, KANPUR : SMC
Global Securities Ltd,Shop No G-21, Ground Floor, City Centre, The Mall, Pin:228001, Ph:,9305358433, KOCHI : Kotak Securities Limited,40/1400,
11th Floor, Ensign Enclave, J os J unction, M.G. Road, Ph:2377386, KOLKATA : Eureka Stock & Share Broking Services Ltd,B-3/4, Gillander House,
8 N.S. Road, Pin:700001, Ph:033-39180348, J M Financial Services Ltd, Kankaria Estate, 8th Flr,6th Little Russell Street, Pin-700071, Ph: 033-
39870330, Kotak Securities Limited,5th Floor, Apeejay House, Block B, 15, Park Street, Ph:22273999, SMC Global Securities Ltd,18, Rabindra
Sarani Podder Court Gate No.4, 5th Floor, Pin:700001, Ph:,9933664479, Systematix Shares & Stocks Ltd,1,Old Court House Corner,Tobaco House,2nd
Floor, Pin:700001, Ph:033-30287505-09, KOTA : SMC Global Securities Ltd,4-a-6 Talwandi Kota, Ph:,9829116982, Systematix Shares & Stocks
40
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
Ltd,1st Floor, 18 Sindhi Colony, Rawath Bhata Bust Stand Road, Gumanpura, Pin:324007, Ph:0744-32955178, LUCKNOW : SMC Global Securities
Ltd,Radha Krishna Bhawan, Plot No. 3/A, 5 Park Road, Ph:,9839826932, Systematix Shares & Stocks Ltd,120/1, 1st Floor, I ndra Karan Plaza,
Lalbagh, Pin:226001, Ph:0522-3255347, MANGALORE : Kotak Securities Limited,No.4, 3rd Floor, The Trade Centre, J yoti Centre, Bunts Hostel
Road, Near J yoti Circle, Ph:424180, Ajcon Global Service Ltd,A-408 Express Zone Cello- Sonal Realty,Near Patels Western Express Highway, Malad
(East) Mumbai , Pin:400066, Ph:022-67160400, Amit J asani Financial Services Pvt Ltd,301, Hind Rajastan Chambers, 6 Oak Lane, Opp Gokul
Restaurant, Fort, Pin:400023, Ph:022-66145678, Amrapali Capital & Finance Services Ltd,7/10, Botawal a Bldg, 2nd Fl, Hornimal Circle, Fort,
Pin:400023, Ph:022-22630760, ANS Pvt Ltd,A-123/124, satyam Shopping Centre, M G Rd,Ghatkopar (E), Pin:400077, Ph:022-39558604, ANS Pvt
Ltd,C/9,Satyam Shopping Centre, M G Road,Ghatkopar (E), Pin:400077, Ph:022-25104141, Eureka Stock & Share Broking Services Ltd,Raheja
Chambers,Room-909,9th Floor,213,Nariman Point, Pin:400021, Ph:022-32583020, Keynote Capitals Limited,The Ruby, 9th Floor, Senapati Bapat
Marg, Dadar (W), Pin:400028, Ph:022-30266000, KJ MC Capital Market Services Ltd,168, 16th Floor,Atlanta, Nariman Point, Pin:400021, Ph:022-
40945500, Kotak Securities Limited,32, Gr Flr., Raja Bahadur Compound, Opp Bank of Maharashtra, Fort, Mumbai-400 023, Pin:400023, Ph:22655074,
LKP Securities Ltd,Bank of Maharashtra Bldg., 45/47, B S Marg, Fort, Pin:400001, Ph: Motilal Oswal Securities Limited,Queens Mansion,2nd Floor,
44, A. K. Naik Marg, Behaind Khadi Gramodyog Fort , Pin:400001, Ph:022-30278090, MUMBAI : Axis Capital Ltd,4A/5C, Khatau Bldg.,
Ground floor, Alkesh Dinesh Mody Marg, Fort,, Pin:400001, Ph:022-22677901, J M Financial Services Ltd, 2,3,4 Kamanwala Chambers,P M
Road, Fort, Pin:400001, Ph:022-2266 5577, J M Financial Services Ltd, 1st Floor, Patel House, Next to Bank of Baroda,M G Road, Vileparle (E),
Pin:400057, Ph:022-26135202, J M Financial Services Ltd, 1st Floor, New Pushpanjali II , J ambli Galli, (Factory Lane) , Opp Chintamani J ewellers,
Borivali (W), Pin:400092.Ph:022- 66959120, J M Financial Services Ltd, 424/425 Kalidas Plaza, V B Lane,Ghatkopar East, Pin:400075,Ph:022-6710
4738, J M Financial Services Ltd Ground Floor, Anushka, New Link Rd,Andheri (W),Pin:400053,Ph:022-66191600 Nirmal Bang securities Pvt
Ltd,201/301, 2nd Floor, Khandelwal House, Podar Road, Near Podar Park, Malad (E), Pin:400097, Ph:7738380315, Prabhudas Lilladher Pvt Ltd,Sadhana
House, 3rd Floor, 570, P. B. Marg, Behind Mahindra Tower, Worli, Pin:400018, Ph:022-66322222, SMC Gl obal Securities Ltd,258,Perin Nariman
Street First Floor Fort, Ph:,9821111219, Standard Chartered Securities (India) Limited,Standard Chartered Tower, 201-B/1, 1st Flr., Western Express
Highway, Goregaon (East), Pin:400063, Ph:022-67559626, Systematix Shares & Stocks Ltd,3rd Floor,J K Somani Bldg.,Nr Stock Exchange, Fort,
Pin:400023, Ph:022-66198185, NEW DELHI : Axis Capital Ltd,815-816,8th Floor, Ambadeep Building, K.G.Marg, Pin:110001, Ph:011-
46769649, Amrapali Capital & Finance Services Ltd,Plot No. 62, Dayanand Road, Dariya Gunj, Pin:110002, Ph:011-23258084, J M Financial Services
Ltd, 5 G&H, 5th Floor, Hansalaya Building, 15, Barakhamba Road, Pin:110001. Ph: 011- 42635699, Kotak Securities Limited,202-217, 2nd Floor,
Ambadeep Building, 14, Kasturba Gandhi Marg, Ph:66313131, SMC Global Securities Ltd,17 , Netaji Subhash Marg, Opp. Golcha Cinema Daryaganj,
Pin:110002, Ph:,9818620470, SMC Global Securities Ltd,6B, First Floor Himalaya House 23, K G Marg Connaught place, Pin:110001, Ph:,9958696929,
SMC Global Securities Ltd,503, Ansal Bhawan Barakhamba Road, Pin:110001, Ph:,9871626464, SMC Global Securities Ltd,106-Ocean Plaza .P-5 SEC-
18, NOIDA, Pin:201301, Ph:,971700378, Systematix Shares & Stocks Ltd,1303, Nirmal Tower Building, 13th Floor, 26, Barakhamba Road, Pin:110001,
Ph:011-30481213, PUNE : Axis Capital Ltd,1248 A, Asmani Plaza, 1st Floor, Opp Cafe Goodluck, Deccan Gymkhana, Pin:411004, Ph:020-
30547125, J M Financial Services Ltd, 205 Business Guild ,Opp. Krishna Dining Hall,Law College Road, Erandawane, Pin:411004, Ph:020-39871601,
SMC Global Securities Ltd,3rd Floor, 1206/4B, Durgashankar Building, Beside Khetan Medical Behind Shubham hotel, J M Road, Pin:411004, Ph:
RAJKOT : Axis Securities Ltd,308, 3rd Floor, Towar Commercial Complex, Jawahar Complex, Near Galaxy Hotel, Pin:360001, Ph:0281-
2226383/384, Anil Dhulia,Saket Plaza, 1st Flr., Dr Radhakrishnan Rd,Harihar Chowk, Pin:360001, Ph:0281-2224324/2234719, Marwadi Shares &
Finance,Marwadi Financial Centre, 150 Ft Ring Road, Nr Nana Mava Main Road, , Pin:360004, Ph:0281-3011195, ANS Pvt Ltd-Arham Fin
Centre,Panchnath Main Road, Harihar Chowk, Pin:360001, Ph:0281-2450745, Amrapali Capital & Finance Services Ltd,1st Floor, Maruti Arcade, Nr.
Amrapali Railway Crossing, Raiya Road, Ph:0281-3040639, J M Financial Services Ltd, 202 Solitaire, 2nd Floor, Swami Vivekanand Marg, Near
Municipal Commissioner Bunglow, Ramkrishna Nagar, Rajkot -360 007. Ph:0281-3984101, SMC Global Securities Ltd,401-Star Chambers, Harihar
Chowk, Nr. Panchnth Mandir, Pin:360001, Ph:,8000903984, RANCHI : Eureka Stock & Share Broking Services Ltd,G-2, Q+R Shree Gopal Complex,
Court Road, Pin:834001, Ph:0651-2200230/9646, SILIGURI : Eureka Stock & Share Broking Services Ltd,2nd Floor, Metro Plaza, S. F. Road,
Khalpara, Pin:734405, Ph:0353-2503489, SURAT : Kotak Securities Limited,Kotak House, K G Point, 1st Floor, Nr.Ganga Palace, Opp.IDBI Bank,
Ghoddod Road, Ph:2254553, J M Financial Services Ltd, 407, 4th Floor, 21 Century Business Centre, Near Udhna Char Rasta, Ring Road,Pin:395002,
Ph:0261-3984000, SMC Global Securities Ltd,316,Empire State Building, Ring Road, Pin:395002, Ph:,9033002341, VADODARA : Axis Securities
Ltd,515, Race Course Tower, Pashabhai Park, Race Course, Pin:390007, Ph:,9377225295, J haveri Securities,136/137,Paradise Complex,
Sayajigunj, Pin:390005, Ph:0265-2362027, Kamlesh D J oshi,57/58, Payal Complex, Opp. Stock Exchange, Sayaji Gunj, Pin:390005, Ph:0265-
2361183/2362057, Mukesh D J oshi,11, Payal Complex, Opp. Stock Exchange, Sayaji Gunj, Pin:390005, Ph:0265-2363838/2434, J M Financial
Services Ltd, G1Ground Floor, Shohan, 49 Alkapuri Society, Opp. HDFC Bank, Alkapuri, Pin:390007, Ph:0265-3984300, VARANASI : SMC Global
Securities Ltd,D-64/127-C-H, Nagar Nigam Road, Sigra, Pin:221010, Ph:,9415201997, VISAKHAPATNAM : Kotak Securities Limited,Door No.47-
10-15, VRC Complex , 2nd Floor, Railway Station Rd , Dwarka Nagar, Ph:6642009, J M Financial Services Ltd, Door No 9-1-224/4/3, 1st Floor, Nandan
Nirman, CBM Compound, Near Rama Talkies J unction, Pin:530003, Ph: 0891- 3983800,
EDELWEISS SECURITIES LIMITED
AGRA: A.G.Shares & Securities Limited, 20/4, 1St Floor Maruti Tower Sanjay Place Agra-282002, Tel: 0562-3017544 SBICAP Securities Limited, C/
O Sbi Main Branch, Chipitola Agra- 282001, Tel:0562 -2252079 AHMEDABAD: Edelweiss Broking Limited, Edelweiss House, 2Nd Floor,
Nr.Samved Hospital, H. L. Commerce Six Road, Navrangpura, Ahmedabad-380009, Tel: 7940237025 J M Financial Services Limited, G-10
Chinubhai Centre, Gr. Flr, Nehru Bridge Corner, Ashram Road, Ahmedabad-380 009.Ph:079-2657 6666 70. Kotak Securities Limited, 207, 2Nd Floor,
Sakar-Ii, Ellisbridge Corner, Ashram Road. Ahmedabad Pravin Ratilal Share And Stock Brokers Limited, Sakar-I 5Th Floor, Opp.GhandigramRly.Stn.,
Navrangpura, Ahmedabad-380009, Tel: 079-26553700 Religare Securities Limited, 2Nd Floor, Dev Complex, Opp Parimal Garden, Ahmedabad -
380006, Tel: 07-39820446 SBI CAP Securities Limited, 2Nd Floor, Nirman, Besides J yoti Plaza, Nr. Shyamal Cross Road, Satellite Ahmedabad-
380015, Tel:079 -26764456 SBI CAP Securities Limited, C/O State Bank Of I ndia, 1St Floor, Modi Arcade, Near Rly Station, Maninagar (West)
Ahmedabad- 380008, Tel:079 -25469205 AMRITSAR: SBICAP Securities Limited, C/O, State Bank Of India, Main Branch, Town Hall Amritsar-
143001, Tel:183 -5030146 ANAND: Prabhudas Lilladher Pvt Limited, C/O. G/19, Vaibhav Tower, Anand - V.V.Nagar Road, Anand - 388 001, Tel:
02692-245279 ASANSOL: SBICAP Securities Limited, C/O State Bank Of India, Asansol Main Branch, Bijoy Pal Sarani Asansol- 713301, Tel: -
9641611679 BANGALORE: Edelweiss Broking Limited, Aswan, 15/6 Ground Floor, prime Rose Road Bangalore 560001Contact No:
080 42471113, J M Financial Services Limited, 97/4 Residency Rd, Bangalore - 560 025.Ph:-080- 30912400/2299 8264/65/66/67. Kotak Securities
Limited, Umiya LandmarkIi Flr., No 10/7 -Lavelle Rd.P Bangalore SBICAP Securities Limited, Sbi Lho Campus Behind Spb Branch St. Marks Road
Bangalore- 560001, Tel:080 -42110358 SBICAP Securities Limited, SBICAP SECURITIES LTD. GROUND FLOOR, NO.30, PRAGATHI MANSION,
DR. DVG ROAD, BASAVANGUDI, BANGALORE -560004, KARNATAKA. Bangalore- 560004, Tel:080 -26614525 SBICAP Securities Limited, 1St
Floor, C/O Sbi Koramangala Pbb Branch, No.472, Avs Complex, 4Th Block, Koramangala Bangalore- 560034, Tel:080 -49074203 SBICAP Securities
Limited, SBI CAP SECURITIES LTD, 3RD FLOOR, C/O SBI, INDI RA NAGAR BRANCH NO. 2987, 12TH MAIN ROAD, HAL 2ND STAGE,
INDIRANAGAR, BANGALORE - 560008, KARNATAKA Bangalore- 560008, Tel:080 -25200044 SBICAP Securities Limited, SBICAP SECURITIES
LTD., C/o. SBI MALLESHWARAM BRANCH, 2ND FLOOR, NO.143, MARGOSA ROAD, 8TH CROSS, MALLESHWARAM, BANGALORE-560003.
Bangalore- 560003, Tel:080 -23465455 BHAVNAGAR: SBI CAP Securities Limited, C/O State Bank Of Saurashtra - Kalanala Branch, Kalanala
Bhavnagar- 364001, Tel:0278 -2520009 BHILAI: SBI CAP Securities Limited, Sbi Main Branch, Sector 1 Bhilai- 490001, Tel:0788 -2226940
BHOPAL: SBICAP Securities Limited, State Bank Of Indore Paanchanan T T Nagar Bhopal- 462003, Tel:0755 -6549108 CHANDIGARH: SBI CAP
Securities Limited, C/O State Bank Of India, Main Branch, Sco 43-48, 1St Flr, Sector 17 B Chandigarh- 160017, Tel:0172 -5079240 CHENNAI: J M
Financial Services Limited, Gee Gee Crystal - 5th Floor, 91-92. Dr.Radhakrishnan Salai, Mylapore, Chennai - 600 004. Ph:044-4225 5666. Kotak
Securities Limited, Grr Business Center, No.21, Vaidyaraman Street, T Nagar. Chennai Religare Securities Limited, Citi Tower, 4Th Floor, 117, Sir
Theagaraya Road, T. Nagar, Chennai 600 017, Tel: 044-43900675 SBICAP Securities Limited, Sbi Main Branch New No.84, 22 Rajaji Salai Chennai-
600001, Tel:044 -42065997 SBI CAP Securities Limited, Sbi Building No 2 A Prakasam Road Panagal Park T Nagar Chennai- 600017, Tel:044 -
42606204 SBICAP Securities Limited, Sbi Spb Branch, Plot No.4, Teachers Colony, Indiranagar, Adyar Chennai- 600020, Tel:044 -42607565 SBICAP
Securities Limited, C/O Sbi, 22, Taylors Road, Kilpauk Chennai- 639001, Tel:044 -26600030 COIMBATORE: Kotak Securities Limited, 1St Floor,
41
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
Red Rose Chamber, 1437, Trichy Road. Coimbatore SBICAP Securities Limited, Sbi Main Branch, State Bank Road. Coimbatore- 641018, Tel:0422 -
2395711 SBICAP Securities Limited, Sbi Premises - First Floor, 451, D.B. Road, R.S.Puram Coimbatore- 641018, Tel:0422 -4355527 DEHRADUN:
SBI CAP Securities Limited, Sbi Main Branch, 4Th Convent Road Dehradun- 248001, Tel:0135 -2651156 DELHI: Edelweiss Broking Limited,
Edelweiss 8-B, 8Th Floor, Atma Ram House, Tolstoy Marg, New Delhi- 110001, Tel: 011-46501116 J M Financial Services Limited, 5 G&H, 5th
Floor, Hansalaya Building, 15, Barakhamba Road, New Delhi -110 001. Ph: (011) 4263 5699. Kotak Securities Limited, 202-217, 2Nd Floor, Ambadeep
Building, 14, Kasturba Gandhi Marg. Newdelhi Religare Securities Limited, G-16 ; Ground Floor; Marina Arcade Connaught Place, New Delhi 110 001,
Tel: 01149871223 SBICAP Securities Limited, Sbi Spb Branch11, Parliament Street New Delhi- 110001, Tel:011 -23744235 SBI CAP Securities
Limited, State Bank Of India Personal Banking Branch, A-15 Hauz Khas New Delhi- 110016, Tel:011 -26511104 SBICAP Securities Limited, 9, New
Rajdhani Enclave, Swasthya Vihar, Nr Preet Vihar Metro Station New Delhi- 110092, Tel:011 -45108482 SBICAP Securities Limited, C/O, State Bank
Of India, E-2/28, Sector-7, Rohini New Delhi- 110085, Tel:011 -27055815 SBICAP Securities Limited, Sbi Spb Branch11, Parliament Street New
Delhi- 110001, Tel:011 -23744235 SMC Global Securities Limited, 17, Netaji Subhash Marg, Daryaganj, New Delhi 110 002, Tel: 011-66070400 SS
Corporate Securities Limited, Ndm-2, D-Block , Netajisubhash Place Pitampura, Delhi-110034, Tel: 47003600 GHAZIABAD: SBICAP Securities
Limited, C/O, State Bank Of India, Navyug Marget Ghaziabad- 201001, Tel:120 -2798891 GUNTUR: SBICAP Securities Limited, Shop No-13, Second
Floor, Raghu Mansion, 4/1, Brodipet Guntur- 522002, Tel:863 -3244001 GURGAON: SBICAP Securities Limited, Sbicap Securites, Sbi Sushant Lok
1, B/05, Unitech Trade Centre Gurgaon- 12209, Tel:0124 -2385365 GUWAHATI: Hem Securities Limited, Room No. 2006, Ist Floor, Ram Kumars
Arcade, Near Parmeshwari Building, Chotibari- 781001 SBI CAP Securities Limited, C/O State Bank Of I ndia, Dispur Branch, Opposite Assam
Sachibalaya, Dispur, Guwahati- 781006, Tel:0361 -2237594 GWALIOR: Hem Securities Limited, Pavan Vihar Colony, J insinala No.3, Near J anak
Hospital, Lashkar, Gwalior Hem Securities Limited, 1St Floor, Bhargawa Sadan, Near Ashoka Palace, J insinala No.3, Lashkar, Gwalior SBI CAP
Securities Limited, C/O State Bank Of I ndia, Basement, Main Branch, J iwaji Chowk, Lashkar Gwalior- 474001, Tel:0781 -2620727 HISAR: SS
Corporate Securities Limited, B-10, 95-97, Green Square Market, Hisar-125001, Tel: 9354323899 SS Corporate Securities Limited, 103, Green Square
Mkt, , Hisar-125001, Tel: 01662-320008 HYDERABAD: Edelweiss Broking Limited, Edelweiss 2Nd Flr, Mb Towers, Plot No.5, Road No.2,
Banjara Hills, Hyderabad-500016, Tel: 040-40316911 J M Financial Services Limited, 9-10 Uma Chambers, 3rd Floor, Banjara Hills, Hyderabad-
500 034. Ph:040- 6636 0009/10/12/46. J M Financial Services Limited, 3rd Floor, 305 J ade Arcade, Opp Paradise Hotel, M G Road, Secundrabad- 500
003. Ph:(040) 3982 5200. Kotak Securities Limited, 9-1-777, 4Th Flr, Beside Itc Bldg, S D Rd, (Lane Opp To Dbr Diagnosis), Hyderabad SBICAP
Securities Limited, State Bank Of Hyderabad Ground Floor, Gunfoundry Hyderabad- 500001, Tel:040 -23321875 SBICAP Securities Limited, 1St Floor,
Dmc Center, Above State Bank Of India, St. J ohnS Road, East Marredpally, Secunderabad Hyderabad- 500026, Tel:40 -40137725 SBICAP Securities
Limited, C/O, State Bank Of India G O C, Koti (Lho), Bank Street Hyderabad- 500001, Tel:040 -24750622 INDORE: J M Financial Services Limited,
UG-7 & 8, Ground Floor, D M Tower, , 21/1, Race Course Road, Indore-452 004. Ph:0731-3072111/4262111. Kotak Securities Limited, 314, Citi
Centre, 570, M.G. Road. Indore SBI CAP Securities Limited, State Bank Of Indore 5, Yashwant Niwas Road I ndore- 452003, Tel:0731 -2547517
SBICAP Securities Limited, State Bank Of India Gpo Main Branch Indore- 452001, Tel:0731 -4036625 JABALPUR: SBICAP Securities Limited, C/
O. Sbi Main Branch, Civil Lines J abalpur- 482001, Tel:761 -4218261 JAIPUR: Edelweiss Broking Limited, Edelweiss 601/602, 6Th Floor,
Green House, Ashok Marg, C Scheme, Jaipur 302001, Tel: 0141-4045167 Hem Securities Limited, 204 J aipur Tower, M.I .Road, J aipur J M
Financial Services Limited, G-7 & G-8, Brij Anukamba, Plot No.K-13, Ashoka Marg, C-Scheme, J aipur -302 001. Ph:0141-3984400. Prabhudas
Lilladher Pvt Limited, 1078, Ganga Mata Ki Galli, Gopal J i Ka Rasta, J aipur - 302003, Tel: 0141-4108965 SBICAP Securities Limited, C/O Sbi Special
Branch, Ground Floor, Sangeneri Gate J aipur- 302003, Tel:0141 -4006483 SBICAP Securities Limited, 128, A - Block, First Floor, Opp. Sbbj Bank,
Ganpati Plaza, M I Road J aipur- 302001, Tel:0141 -3221945 SS Corporate Securities Limited, 201-202, G-8, Geeta Enclave, C Scheme Vinoba Marg,
J aipur-302001, Tel: 09314504951 JALANDHAR: SBI CAP Securities Limited, C/O. State Bank Ofindia, Civil Lines J alandhar- 144001, Tel:0181 -
4636317 JAMMU: SBICAP Securities Limited, C/O State Bank Of India, Railway Road Branch, J ammu- 180001, Tel:191 -2471118 JAMNAGAR:
SBICAP Securities Limited, G-3, Ground Flr, Madhav Darshan Complex, Opposite Cricket Bungalow Near Limda Line J amnagar- 361001, Tel:0288 -
2555170 JAMSHEDPUR: SBICAP Securities Limited, Sbi, J amshedpur Bistupur J amshedpur- 831001, Tel:0657 -3206515 JODHPUR: SBI CAP
Securities Limited, C/O Sbi, Special Branch, High Court Campus, Kachauri, J odhpur- 342001, Tel:291 -2546546 KANPUR: SBICAP Securities Limited,
Sbi, Main Branch Campus, Zonal Office, 16/101 Civil Line Mall Road, Kanpur- 208001, Tel:0512 -2333571 KOCHI: Kotak Securities Limited, 40/
1400, 11Th Floor, Ensign Enclave, J os J unction, M.G. Road. Kochi SBICAP Securities Limited, Sbi Shanmugham Rd. Branch 2Nd Floor, Ktdc Bldg,
Ernakulam Kochi- 682031, Tel:0484 -3248745 KOLKATA: Edelweiss Broking Limited, Edelweiss 2Nd Floor, Savitri Towers3A Upper Wood
Street Kolkatta - 700017, Tel: 033-40104635 Ashika Stock Broking Limited, Trinity, 226/1 Ajc Bose Road, 7Th Floor Kolkata-700 020, Tel:
033-40102500 J M Financial Services Limited, Kankaria Estate, 8th Flr, 6th Little Russell Street, Kol kata-700 071. Ph: 033-3987 0330. Kotak
Securities Limited, 5Th Floor, Apeejay House, Block B, 15, Park Street, P Kolkatta Religare Securities Limited, 11/1 Sarat Bose Road North Block
4Th Floor Kolkata 20, Tel: 44010914/905 SBI CAP Securities Limited, Sbi Main Branch Sammriddi Bhavan 3Rd Floor, 1- Strand Road Kolkata-
700001, Tel:033 -22481729 SBI CAP Securities Limited, State Bank Of I ndia J eevandeep Bldg, Ground Floor Middleton Street Kolkata- 700071,
Tel:033 -22886604 SBICAP Securities Limited, C/O Sbi, 50 A, Gariahat Road, Ballygunge, Kolkata- 700019, Tel:033 -2461 9561 SBICAP Securities
Limited, C/OState Bank Of India, Bikash Bhavan Goc.Ground Floor.Sector-Ii, Saltlake Kolkata- 700091, Tel: - KOTA: Hem Securities Limited, 20-
A, Talwandi, Kota LUCKNOW: SBICAP Securities Limited, C/O State Bank Of India, 2/103 Vijay Khand First Flr, Gomti Nagar Lucknow- 226010,
Tel:0522 -2303261 SBI CAP Securities Limited, C/O Sbi Govt.Business Branch Moti Mahal Marg Behind K.D.Singh Babu Stadium Hajrath Ganj
Lucknow- 226001, Tel:0522 -3202184 LUDHIANA: SBICAP Securities Limited, Sbi, 1St Floor Fountain Chowk Civil Lines Ludhiana- 141001,
Tel:0161 -5025634 MADURAI: SBICAP Securities Limited, C/O State Bank Of India, Number - 7A, West Veli Street, Opposite Railway Station,
Madurai- 625001, Tel:0452 -4506404 MANGALORE: Kotak Securities Limited, No.4, 3Rd Floor, The Trade Centre, J yoti Centre, Bunts Hostel
Road, Near J yoti Circle, Mangalore SBICAP Securities Limited, C/O Sbi, Mangalore Main Branch, Port Road, P.B.No-90 Mangalore- 575011, Tel:824
-4265361 MUMBAI: Edelweiss Broking Limited, Edelweiss 104, 1
st
Floor, P J Towers Stock Exchange Bldg, Fort, Mumbai- 400001, Tel: 022-
67471345 Edelweiss Broking Limited, Edelweiss Shop No 10, Sucheta Enclaves, Mahrastra Lane, Off L. T Road Borivali (W) Mumbai-92, Tel:
022-28914367 Edelweiss Broking Limited, Edelweiss Atlantic Commercial Tower, Rb Mehta Road, Nr. Patel Chouk, Ghatkopar East, Mumbai-
400077, Tel: 022-25012611 Edelweiss Broking Limited, Edelweiss Bindu Shopping Centre, Grd Flr, Besant Street, Tilak Road, Nr. St Santacruz
West, Mumbai-400054, Tel: 022-26485953 Edelweiss Broking Limited, 101, 1St Floor, 12 New Bake House, Opp Maharashtra State Co-Op Bank,
Nr Old Karvy Office. Fort Mumbai 400001, Tel: 022-67494580 Edelweiss Securities Limited, Edelweiss 105, 1St Flr, P J Towers Stock Exchange
Bldg, Fort, Mumbai- 400001, Tel 022-67494586 Ashika Stock Broking Limited, 1008, Raheja Centre, 214, Nariman Point, Mumbai-400 021, Tel:
022-66111700 Hem Securities Limited, 14/15, Khatau Bldg, 1St Floor, 44 Bank Street, Fort, Mumbai - 400001 J M Financial Services Limited, 2, 3, 4
Kamanwala Chambers, P M Road, Fort, Mumbai-400 001. Ph:022-2266 5577 - 80, 3021 3500. J M Financial Services Limited, 1st Floor, Patel House,
Next to Bank of Baroda, M G Road, Vileparle (E), Mumbai-400 057. Ph:022-2613 5202-41-67077440-43. J M Financial Services Limited, 1st Floor,
New Pushpanjali II, J ambli Galli, (Factory Lane), Opp Chintamani J ewellers, Borivali (West), Mumbai-400 092.Ph:022- 6695 9120 - 23/3021 5400.
J M Financial Services Limited, 424/425 Kalidas Plaza, V B Lane, Ghatkopar East, Mumbai-400 075.Ph:022-6710 4738/3097 8700. J M Financial
Services Limited, Ground Floor, Anushka, New Link Rd, Andheri (West) Mumbai-400 053 J M Financial Services Pvt. Limited, 2, 3 & 4, Kamanwala
Chambers, Grd Flr, Sir P M Road, Fort, Mumbai - 01, Tel: 022-30213500 Keynote Capitals Limited, The Ruby, 9Th Floor, Senapati Bapat Marg, Dadar-
W Mumbai-28 Kotak Securities Limited, 32, Gr Flr., Raja Bahadur Compound, Opp Bank Of Maharashtra, Fort, Mumbai-400 023 Mumbai LKP
Securities Limited, Bank Of Maharashtra Bldg., 45/47, Mumbai Samachar Marg, Fort, Mumbai 400 001., Tel: 022-22660171 Nirmal Bang Securities
Pvt Limited, 201/301, 2Nd Floor, Khandelwal House, Podar Road, Near Podar Park, Malad (E), Mumbai-400097, Tel: 7738380315 Prabhudas Lilladher
Pvt Limited, Sadhana House, 3 Rd Floor, 570, P. B. Marg, Behind Mahindra Tower, Worli, Mumbai-400018, Tel: 022-66322222/91 Prabhudas Lilladher
Pvt Limited, A-102 Krishna Nagri Co-Op Hsg Soc, Opp.Sony Mony, S.V.Road, Borivali (W) Mumbai-400 092, Tel: 022-28617527 Prabhudas Lilladher
Pvt Limited, 7/10, Runwal Commercial Complex, L.B.S Marg, Mulund (West) Mumbai-400 080, Tel: 022-67654951 Prabhudas Lilladher Pvt Limited,
428/29, Kailash Plaza, 4Th Floor, Opp. Odean Cinema, Ghatkopar (East) Mumbai-400 075, Tel: 022-251515001 Religare Securities Limited, 301/302,
Viraj Towers, Western Express Highway, Andheri (E), Mumbai - 400093, Tel: 022-67288233 SBICAP Securities Limited, State Bank Of India M.G.Road
Ghatkopar East Mumbai- 400077, Tel: -25020964 SBICAP Securities Limited, C/O Sbi Nri Branch, Maker Chambers -3, Ground Floor, Nariman Point
Mumbai- 400021, Tel: -22040238 SBICAP Securities Limited, Sbi Admin Building Compound, Madam Cama Rd., Nariman Point Mumbai- 400021,
Tel:022 -22023214 SBICAP Securities Limited, C/O Sbi Spb Branch, Mumbai Samachar Marg, Gate No 7, Horniman Circle, Fort, Mumbai- 400001,
42
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
Tel:022 -32660216 SBICAP Securities Limited, 2Nd Flr, C Wing, Mafatlal Chambers, N.M J oshi Marg, Lower Parel Mumbai- 400013, Tel: -42273451
SBICAP Securities Limited, C/O Sbi J vlr Branch, Ground Floor, J uhu Versova Link Road, Andheri (W) Mumbai- 400053, Tel: -26707887 Sharekhan
Limited, 10Th Floor, Beta Building, Lodha Ithink Techno Campus, Off. J VLR, Opp. Kanjurmarg Station, Kanjurmarg (E), Mumbai 400 042., Tel:
2261150000 MYSORE: SBICAP Securities Limited, C/O State Bank Of India, Mysore Main Branch, P.B.No-204, Motikhana Building, New Sayaji Rao
Road Mysore- 570024, Tel:0821 -2435866 NAGPUR: SBICAP Securities Limited, C/O Sbi Seva Sadan Branch, 75 Moti Mohan Complex Seva Sadan
Chowk, C.A.Road Nagpur- 440018, Tel:0712 -3257729 NASHIK: SBICAP Securities Limited, C/O Sbi Spbb Br., Plot No. 56, Opp. Wadnagare Bhavan,
Thatte Wadi, College Road Nashik- 422005, Tel:0253 -2232152 NOIDA: Religare Securities Limited, A-3/4/5, Gys Global, 2Nd Floor, Sector-125,
Noida (Ncr Delhi) - 201301, Tel: 0120-3392757 Religare Securities Limited, A-3/4/5, Gys Global, 2Nd Floor, Sector-125, Noida (Ncr Delhi) - 201301,
Tel: 0120-3392756 SBICAP Securities Limited, C/O State Bank Of India, Sector-26 Noida- 201301, Tel:0120 -2532133 PANAJI: SBICAP Securities
Limited, Sbi, Panaji Main Branch Dayanand Bandodkar Marg Near Hotel Mandovi Panaji- 403001, Tel:0832 -3253886 PONDICHERRY: SBICAP
Securities Limited, 164, Kamraj Salai, 1St Flr, Above Sbi Adb Branch Pondicherry- 605013, Tel:0413 -4304236 PUNE: Edelweiss Broking Limited,
1184, Unit No 3, 1St Floor, Gokul Building, F C Road, Pune - 411005., Tel: 020-66056672 J M Financial Services Limited, 205 Business Guild,
Opp. Krishna Dining Hall, Law College Road, Erandawane, Pune-411 004. Ph:020-3987 1601/00/66033720. Prabhudas Lilladher Pvt Limited, C/
O.Yogesh J Shah 114/ A - Behere Arcade, 1St Floor, Prabhat Road, Erandwana, Pune - 411 004, Tel: 9520-25459245 SBICAP Securities Limited, State
Bank Of India Deccan Gymkhana Branch J .M.Road, Deccan Gymkhana Pune- 411004, Tel:09520 -25539399 SBI CAP Securities Limited, C/O Sbi Bund
Garden Branch, Grale 171/B, 1St Floor, Dp Road Pune- 411001, Tel:020 -30221091 RAIPUR: SBICAP Securities Limited, C/O State Bank Of India,
Kutchery Branch, Kutchey Chowk Raipur- 492001, Tel:0771 -4075329 RAJKOT: J M Financial Services Limited, 202 Solitaire, 2nd Floor, Swami
Vivekanand Marg, Near Municipal Commissioner Bunglow, Ramkrishna Nagar, Rajkot -360 007. Ph:0281-3984101/3984000. SALEM: SBICAP
Securities Limited, Sbi Siruthozhil Branch Bank House, No. 68 Cherry Road Salem- 636007, Tel:0427 -4031780 SHIMLA: SBICAP Securities Limited,
C/O State Bank Of India, New Building, 2Nd Floor, The Mall Shimla- 171003, Tel:0177 -2652726 SURAT: Edelweiss Broking Limited, 108,
Vishwakarma Chambers, B/S Itc, Majuragate, Ring Road, Surat 395002., Tel: 0261-2460537 J M Financial Services Limited, 407, 4th Floor,
21 Century Business Centre, Near Udhna Char Rasta, Ring Road, Surat-395 002. Ph:0261-3984000. Kotak Securities Limited, Kotak House, K G Point,
1St Floor, Nr.Ganga Palace, Opp.Idbi Bank, Ghoddod Road. Surat Prabhudas Lilladher Pvt Limited, C/O.J ayesh Kevadiya G-12, Opera House, B/H.Super
Diamond Market, Minibazar, Varacha, Surat -395006, Tel: 0261-3043116 SBICAP Securities Limited, 1/580, Pore Street, Nanpura, Opp Sbi Surat-
395001, Tel:261 -2464888 THIRUVANANTHAPURAM: SBICAP Securities Limited, First Floor, State Bank Of Travancore Building, Sasthamangalam
Thiruvananthapuram- 695010, Tel:0471 -6454296 TRICHY: SBI CAP Securities Limited, C/O, State Bank Of India, Micr Center, Ground Flr, Asha
Arcade, 73 Promenade Road, Cantonment Trichy- 620001, Tel:431 -4002818 UDAIPUR: SBI CAP Securities Limited, C/O Sbi, Main Branch, 23/C
Madhuban Udaipur- 313001, Tel:294 -2420150 VADODARA: J M Financial Services Limited, G1Ground Floor, Shohan, 49 Alkapuri Society, Opp.
HDFC Bank, Alkapuri, Vadodara-390 007. Ph:0265-3984 300. SBICAP Securities Limited, Sbi, Alkapuri, R.C.Dutt Road Vadodara- 390007, Tel:0265
-6535747 SBICAP Securities Limited, C/O. Sbi Mandvi Main Branch, Opp J amnabhai Hospital, Mandvi, Vadodara- 390001, Tel:265 -2516422 SBICAP
Securities Limited, C/O. Sbi Makarpura I.E. Branch, Vcci Building, Makarpura Vadodara- 390010, Tel:0265 -2632533 VARANASI: SBICAP Securities
Limited, C/O State Bank Of I ndia, Bhelupur Branch Varanasi- 221010, Tel:0542 -22277558 VIJAYAWADA: SBICAP Securities Limited, Sbi,
Governorpet Branch Ali Begh Street Governorpet Vijayawada- 520002, Tel:0866 -2577887 VISHAKHAPATNAM: SBICAP Securities Limited, C/O
Sbi Main Branch, Demat Section, Opposite J ail Road J unction, Near Redham Gardens Visakhapatnam- 530002, Tel: -9949324544 J M Financial Services
Limited, Door No 9-1-224/4/3, 1st Floor, Nandan Nirman, CBM Compound, Near Rama Talkies J unction, Visakhapatnam -530 003. Ph: (0891) 3983
800. Kotak Securities Limited, Door No.47-10-15, Vrc Complex, 2Nd Floor, Railway Station Rd, Dwarka Nagar, Visakhapatnam .
HDFC SECURITIES LTD
HDFC BANK LTD : MUMBAI : I Think Techno Campus Building-B,Alpha, Office Floor 8, Opp. Crompton Greaves, Near Kanjurmarg Station,
Kanjurmarg(East), Mumbai 400 042, I ndia. Tel: 022-30753400 JM FINANCIAL SERVICES LTD : AHMEDABAD : Mr Bhavesh Shah/Mr.Girish
Shah, J M Financial Services Ltd, G-10 Chinubhai Centre, Gr. Flr,Nehru Bridge Corner,Ashram Road, Ahmedabad-380 009.Ph:079-2657 6666 70.
BANGALORE : Mr Yeriswamy Reddy/Mr Prashant Upadhyay, J M Financial Services Ltd, 97/4 Residency Rd, Bangalore - 560 025.Ph:-080-
30912400/2299 8264/65/66/67. CHENNAI : Mr B Kalaiselvan/Ms. T V Sumithra, J M Financial Services Ltd, Gee Gee Crystal - 5th Floor,91-92.
Dr.Radhakrishnan Salai,Mylapore, Chennai - 600 004. Ph:044-4225 5666. HYDERABAD : Mr Ganpathy Murthy/Chandrasekhar, J M Financial
Services Ltd, 9-10 Uma Chambers,3rd Floor, Banjara Hills, Hyderabad-500 034. Ph:040- 6636 0009/10/12/46. SECUNDERABAD : Mr Mallesh/Mr
Pravin Chary, J M Financial Services Ltd, 3rd Floor, 305 J ade Arcade, Opp Paradise Hotel, M G Road, Secundrabad- 500 003. Ph:(040) 3982 5200.
INDORE : Mr. Manish Upadhyay/Aarti, J M Financial Services Ltd, UG-7 & 8, Ground Floor, D M Tower, ,21/1, Race Course Road,Indore-452 004.
Ph:0731-3072111/4262111. JAIPUR : Mr Anurag Tandon, J M Financial Services Ltd, G-7 & G-8,Brij Anukamba,Plot No.K-13, Ashoka Marg,C-
Scheme,J aipur -302 001. Ph:0141-3984400. KOLKATA : Mr. Bhaskar Chaterjee, J M Financial Services Ltd, Kankaria Estate, 8th Flr,6th Little Russell
Street,Kolkata-700 071. Ph: 033-3987 0330. MUMBAI : Mr Kaushik Datta/R Mukundan/Kedar Pimputkar/Ms Armin Irani, J M Financial Services Ltd,
2,3,4 Kamanwala Chambers,P M Road, Fort,Mumbai-400 001. Ph:022-2266 5577 - 80, 3021 3500.Mr Ashit Vora/Atul Shukla, J M Financial Services
Ltd, 1st Floor, Patel House, Next to Bank of Baroda,M G Road, Vileparle (E), Mumbai-400 057. Ph:022-2613 5202-41-67077440-43. Ms J yotsna
Solanki/Mr C V George, J M Financial Services Ltd, 1st Floor, New Pushpanjali II, J ambli Galli, (Factory Lane) , Opp Chintamani J ewellers, Borivali
(West), Mumbai-400 092.Ph:022- 6695 9120 - 23/3021 5400. Mr. Tilak Sanil,J M Financial Services Ltd, 424/425 Kalidas Plaza, V B Lane,Ghatkopar
East, Mumbai-400 075.Ph:022-6710 4738/3097 8700. Mr. Nilesh Gavle J M Financial Services Ltd Ground Floor, Anushka, New Link Rd,Andheri
(West) Mumbai 400 053 Ph:022- 66191600/612 NEW DELHI : Mr Prasad Nair/Mr C S Tiwari, J M Financial Services Ltd, 5 G&H, 5th Floor, Hansalaya
Building, 15, Barakhamba Road, New Delhi -110 001. Ph: (011) 4263 5699. PUNE: Mr Anand Shirke/Mr Sanjay Yelwande, J M Financial Services Ltd,
205 Business Guild ,Opp. Krishna Dining Hall,Law College Road, Erandawane, Pune-411 004. Ph:020-3987 1601/00/66033720. RAJKOT : Mr Sona
Verghese, J M Financial Services Ltd, 202 Solitaire, 2nd Floor, Swami Vivekanand Marg, Near Municipal Commissioner Bunglow, Ramkrishna Nagar,
Rajkot -360 007. Ph:0281-3984101/3984000. SURAT : Mr. Dipen Shah /Mr Nishant Trivedi, J M Financial Services Ltd, 407, 4th Floor, 21 Century
Business Centre, Near Udhna Char Rasta, Ring Road, Surat-395 002. Ph:0261-3984000. VADODARA : Mr. Ghanshyam Vyas/Mr Rashmin J adhav, J M
Financial Services Ltd, G1Ground Floor, Shohan, 49 Alkapuri Society, Opp. HDFC Bank, Alkapuri, Vadodara-390 007. Ph:0265-3984 300.
VISHAKHAPATNAM: Mr Satish, J M Financial Services Ltd, Door No 9-1-224/4/3, 1st Floor, Nandan Nirman, CBM Compound, Near Rama Talkies
J unction, Visakhapatnam -530 003. Ph: (0891) 3983 800. WARANGAL : RAVINDER J AMBOJ U, SOMA FINANCIAL SERVICES,DRNO16-10-1349
, NEAR PALLAVI HOSPITAL , SHIVA NAGAR , WARANGAL, ANDHRA PRADESH 506002.MOBILE NO : 9885644211. BONANZA PORTFO-
LIO LTD : Agra, Mannu J ain C/o Manu J ain, Plot No. 102, 1st Floor, Puneet, Vrindavan, Sanjay Place Agra 2,Ph 0-9219556377, Ahmedabad ,
Brijendra 401, Shital Varsha Arcade; Nr. Girish Cold Drink, Cross Road; C G Road, Ahmedabad 380009, Ph: 9374986373, Anand, Nikhil / Kamal
Kapasia G-10, Phalguni Trade Vaiderbhi Complex, Nr V V Nagar Rly St, Gidc, Vittal Udyog Nagar, Anand - 388121 Ph 9825946815, Banglore ILayaz
No. 1386, Iii Fl, Sln Plaza, Shivaji Nagar, J ayanagar, Bangalore - 11 9748485576, Baroda, Kashyap S. Gupta Office No. 1, 1St Floor, Sheel Commercial
Complex, Race Course Rd, Ellora Park, Baroda 390007, Ph 02652-356339, Chennai, Sanjeev Agarwal, S K L S Complex, 1St Floor No.164/21,G
N T Road, Red Hills, Chennai 600052, 044-26320877, Ghaziabad, Mohit Gupta, FF - 12 A, Parsavnath Majestic Arcade, Vaibhav Khand,
Indirapuram, Ghazibad, U.P. 201010, 9312051802, Indore, Hemant, 421/422, Dm Tower, 21/1, Race Course Road, Indore Mp, Indore 452001,
9329565063, Jodhpur, Kartavya, 60-61-62, Vimal Kunj, Manji Ka Hatha, Opp. Bsnl Office, Paota, J odhpur 342001, 9785702100, Kolkata, Bibek,
6th Floor, 16A , Brabourne Road, Kolkata 700 001, 9007760004, Mumbai Andheri, 202, 2Nd Floor, Oberoi Chamber One, Plot No.C3 & C4,
Cts No.645, Village Qshiwara, Link Road, Andheri(W), Mumbai -400053, 26740070, Mumbai, Haresh Garg, 8,Panchvati Bldg, Bajaj Rd, Corner Of
S.V. Rd, Kandivali(W) Mumbai, 9820612156, Abhinay Chikne, Delta House, J 1, Cama I ndustrial Estate, Delta House, J 1, Cama I ndustrial Estate,
Goregoan(E), Mumbai 400063, Maharashtra, 4059 5727, Manoj Shulka, Delta House, J 1, Cama Industrial Estate, Goregoan(E), Mumbai 400063,
Maharashtra, 9820593730, Hemant, 101-102, Shivji Market, Plot No. 8 & 9, Sector-19D, Vashi, Navi Mumbai 400705, 27840474, Nagpur, Anuj
Badjate , Sanjay Apts,Opp Harne Mahila Samaj, 274, Dharampeth Extn, Nagpur, 0712-2532900, New Delhi, Naresh Arora, 4353/4C, Madan Mohan
Street, Ansari Road, Daryaganj-110002, 9871282129, Pune, Sanjay Badjate, Konark Class, Flat NoD-2, 1st Flr, 21/4/5, Bund Garden Pune 411001,
020-4014141, Surat , Sunil, B/G-3,B Wing Itc Centre, Majura Gate, Ring Road, Surat 395003, 0261-3916666 PRABHUDAS LILLADHAER
PVT LTD: Mumbai, Mr. Manish Bhatt, Sadhana House, 3 rd Floor, 570, P. B. Marg, Behind Mahindra Tower, Worli, Mumbai-400018, 022-66322222/
43
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
91 MOTILAL OSWAL SECURITIES LIMITED: Mumbai, Queens Mension,2nd Floor, 44 A.K. Naik Marg,Behind Khadi Gramodyog Fort Mumbai
400001, 022-30278090/8047 STANDARD CHARTERED SECURITIES (INDIA) LTD.: Mumbai: Standard Chartered Bank, Standard Chartered
Tower, 201-B/1, 1st Floor, Western Express Highway, Goregaon (East), Mumbai 400063 SMC GLOBAL SECURITIES LTD: JAIPUR 401, fourth
Floor Shyam Anukampa Opp HDFC BANK Ashok Marg C scheme J aipur Ph no 9001799686, KOLKATA, 18, Rabindra Sarani Podder Court Gate NO
4, 5th Floor Kolkatta -700001 Ph no 09933664479, MUMBAI 258,Perin Nariman Street First Floor Fort mumbai -400001 Ph no 09821111219,
9930055430, NEW DELHI/DELHI 17 , Netaji Subhash Marg, Opp. Golcha Cinema Daryaganj, New Delhi-110 002 Ph no 9818620470 , 9810059041,
KARVY STOCK BROKING LTD
KARVY STOCK BROKING LTD. AGRA:17/2/4, 2Nd Floor, Deepak Wasan Plaza,Sanjay Place, (Behind Holiday Inn),Agra -282 002,0562,2526660
/ 61 / 62 / 63; AJMER: 2nd Floor; Ajmer Tower, Kutcheri Road, Ajmer 305 001, Ph-0145-2628055/65/2629055/ 5120725; AURANGABAD: Shop
No.214/215, Tapadiya City Centre, Nirala BazarAurangabad-431001,Ph: 0240-2363530,52,53,54,57, 9665066551; AHMEDBAD:201-203Shail;
Opp: Madhusudhan House,,Near Navrangpura, Telephone Exchange Office, Off C.G. Road,Ahmedbad-380 006,Ph: 079,26445235; 27, Suman Tower,
Near Hotel Haveli,Sector No.11, Gandhinagar,Ahmedbad382 011,079, 23249943, 23249985; 208 H J House, Near Ram Baug Police Station,Opp Ioc
Petro Pump, Rambaug, Maninagar,Ahmedbad380 008,079,25466548 / 25466654; 1, Millenium Plaza, Opp. Mansi Towers,Vastrapur,Ahmedbad380
015,079,26750401 / 26750434; ALLAHABAD: 2Nd Floor, Rsa Towers, Above Sony Showroom,,57, Sardar Patel Marg, Civil Lines,Allahabad211
001,0532, 2260291 / 92; AMRITSAR:72-A Taylors Road,Opp.Aga Heritage Gandhi Ground,Amritsar143 001,0183,5053802/3/4/5; ALIGARH : 1st
Floor; Kumar Plaza;Ramgath Road, Vishnupuri, Aligarh; Uttar Pradesh-202001, Ph: 0571-2509106, 2509108, 2405571, 2405572; ANAND:ff-6,
Chitrangana, Opp: Motikaka Chawl,Vidyanagar Road, Anand,Anand388 120,02692,248980, 248873, 320394; BANGALORE:no 54 Yadalamma
Heritage ,Ground Floor Vanivilas Road, Next To Butter Sponge , Basavangudi,Bangalore560 004,080, 26621192 / 93; No 746, First Floor, Krishna
Temple Road,Indira Nagar, First Stage,Bangalore560 038,080, 25264344 / 2930 / 3249 / 30945543; A/8, 1St Floor, Khb Colony, (Opp.Microland,,(In
Airtel Bldg), 80 Feet Road, Koramangala,Bangalore560 095,080,25527301 / 25501647; No.337, Gf-3, Karuna Complex,Sampige Road, Opp: Veg-
etable Market, Malleshwaram,Bangalore560 003,080,23314678 / 23314680 / 23467548 / 30945549; No.1714, 14/1, 1St Floor, K S S Chambers,(Behind
Maruthi Mandir) 21St Main Road, Vijayanagar,Bangalore560 040,080,23119028 / 9041 / 9040; 2019/A, 1St Floor, 3Rd B Corss,B Sector, Yelahnaka
New Town, ,Bangalore560 064,080,28562726/ 2729 32913110 / 3502; BAREILLY:1St Floor, 165, Civil Lines,Opp.Hotel Bareilly Palace, Near Rly
Stati on,Bareil ly243 001,0581,2310470; BHARUCH:ff 47/48 Aditya Complex,,Opp. Kasak Fuwara,Bharuch392 001,02642,225207 / 08;
BHAVNAGAR:g-1, Gitanjli Complex, Opp - B - Division, Police Station,Opp -B-Division, Police Station, Kala Nala,Bhavnagar364 001,0278,6454004;
BHILAI: shop No.138, ,New Civic Centre,Bhilai490 006,0788,2295329 / 37 / 32 / 3097477; BHOPAL: kay Kay Business Centre,133, Zone 1, Mp
Nagar,Bhopal462 011,0755,4092712, 4092714, 4092704; BHUBANESHWAR:624, Saheednagar,First Floor,Bhubaneshwar751 007,0674,2511011
- 14, 2547531 / 32 / 33; CHANDIGARH: Sco 371-372, Above Hdfc Bank,Sector 35-B,Chandigarh160 036,0172,5071726, 5071727, 5071728 /
5079702; CHENNAI: F-3 Adyar Business Court, Old No 5,,New #51, Gandhi Nagar First Main Road, Adayar, Chennai-600 020,Ph;044,42116586,
42116587, 42076803; Chrompet - No 77A,Radha Nagar Main Road, Chromepet,Chennai-600 044, Ph: 044,22653604, 22653605, 22653607; T
Nagar - F-7 & 8, 3Rd Floor, Mahbubani Towers, ,No. 48, Dr. D N Road, T. Nagar,Chennai-600 017, Ph:044,42076808 / 09 / 30 / 42067836 / 31; No
48, Sowcarpet-Sundar Krishnaplaza, 3Rd Floor, No.8, Luckmodoss Street, Sowcarpet,Chennai-600 003,Ph: 044,42051557/ 1471/ 1412; 33/1,
Venkataraman Street , COIMBATORE:J aya Enclave 1057/1508,Avanashi Road,Coimbatore641 018,0422,4291000 30; Ground Floor, , 29/1,
Chinthamani Nagar,N S R Road, Sai Baba Colony,Coimbatore-641 011,0422,2452161 / 162 / 163; CUTTACK: Opp.J aganath Petrol Pump,Arunodya
Market, Link Road,Cuttack-753 012,0671,2332680 / 81 / 3110827 / 3109972 / 2613906; DEHRADUN:48/49, Patel Market, Opp: Punjab J ewellers,Near
Gandhi Park, Rajpur Road,Dehradun-248 001,0135,2713351 / 2714046 ; Kaulagarh Road, Near Sirmour Marg,Dehradun-248 001,0135,2754334,
2754336; ERODE: no.4, KMY Salai, Veerapan Traders Complex,Opp: Erode Bus Stand, Sathy Road, Erode-638 003,0424,2225601 / 03 / 15 / 16 / 17
/ 24; GHAZIABAD:1St Floor, C-7, Lohia Nagar ,Ghaziabad201 001,0120,2701886 / 2701891 / 2700594; GURGAON: shop No 18, Near Huda
Office, Ground Floor, Opp. Akd Office,Sec.14, Old Delhi Road, Near Madras Restaurant,Gurgaon-122 001,0124,4086419/ 3243535; GUWAHATI:2Nd
Floor, Ram Kumar Plaza, Chatribari Road,Near Himatshinga Petrol Pump,Guwahati781 001,0361,2608016 / 8102 / 8122; GWALIOR: near Nadigate
Pul, Mlb Road,Shinde Ki Chawani,Gwali or474 001,0751,4069001, 4069002, ; HISSAR: SCO 17 Red Square Market,1St Floor,Hissar125
001,01662,225868 (D) / 225845 / 836; HARIDWAR: 8; Govind Puri; Opp Lic -2 Branch,Above Vijaya Bank,ranipur More,Haridwar; Uttaranchal-
249401Ph : 01334266514-5/312828; HUBLI: giriraja House, No.451 /B,,Ward No.1, Club Road,Hubli580 029,0836,2353962, 2353974, 2353975;
HYDERABAD: 21 , Avenue 4,Street No.1, Banjara Hills,Hyderabad500 034,040,23312454 / 23320251; 15-6-464/470, 1St Floor,Salasar Complex,
(Near Fish Market), Begum Bazar,Hyderabad500 012,040,23433100; 1St Floor, Plot No.2, 1-1-128/B, Chanda Nagar,Seri lingampally, Near
Bhel,Hyderabad500 050,040,23030028, 23030029, 23433126/132; Vijetha Golden Empire, Flat No. 103, First Floor,H No.16-11-762/762B & C,
Beside Anadal Nilayam, Moosarambagh,Hyderabad500 036,040,23433116 / 117 / 135 134 / 136; 3-5-890, Paras Chambers,Plot No.14-15, Ground
Floor, Himayat Nagar,Hyderabad500 029,040, 23388771, 23388772; Sai VikramTowers, 1St Floor, Kukatpally Main Road,Near Kukatpally Bus Stop,
Kukatpally,Hyderabad500 072,040,23433137/119; INDORE:105, 106 & 107,D M Towers, 21/1, Race Cource Road,,Near J anjeerwala Chowrah,,Indore452
001,0731,3014200 - 19; JAIPUR:s-16/A, Land Mark, 3Rd Floor,Opp J ai Club, Mahaveer Marg, C Scheme,J aipur302 001,0141,2378703 / 604 / 605
/ 2363321; JALANDHAR: prime Tower, Lower Ground Floor Off.No.3,Plot No 28, G T Road,J alandhar144 001,0181,4634401 - 14; JAMNAGAR:
g-12 & 108 Madhav Plaza, Opp: Sbs Bank,Near Lal Bungalow,J amnagar361 001,0288,2556520 /2556260 / 2556420; JAMSHEDPUR: 2Nd Floor,
Kanchan Towers, ,3 Sb Shop Area, Main Road, Bistupur,J amshedpur831 001,0657,2487020, 2487045, 2487048; JODHPUR: 203, Modi Arcade,Chopasni
Road,J odhpur342 001,0291,5103026 / 5103046; KAKINADA: 13-1-46, I Floor,Sri Deepthi Towers, Icici Bank Complex, Main Road,Kakinada533
001,0884,2387382 / 2387383 / 2387381 / 3293518; KANPUR:15/46, Civil Lines, Near Muir Mills,Stock Exchange Road,Kanpur208 001,0512,2330127,
2331445, 2333395,96; KOLKATA: 49, J atin Das Road,Near Deshpriya Park,Kolkata700 029,033,24634787 - 89 / 24647231/32 / 4891 / 24650308;
22N/1, Block A,New Alipore,Kolkata700 053,033,24576203-05 / 2407 0992 / 2445 0108; P-335, Cit Scheme No. Vi M,~,Kolkata700 054,033,23648927
; 23628486; Ad-60, Sector - 1,Salt Lake,Kolkata700 064,033,23210461 - 64 / 0587 / 23344140; KOTA: 29, Shopping Centre, 1 Floor,Near Lala
Lapatrai Circle,Kota324 007,0744,2365145 / 146 / 144; LUCKNOW: 94, Mahatma Gandhi Marg,Opp: Governor House, Hazratganj,Lucknow226
001,0522,2236819-28, 3817001 (Rim); Hig 67, Sector E,Aliganj,Lucknow226 016,0522,2329419, 2329938/39; K S M Tower, Cp 1, ,Sinder Dump,
Alambagh,Lucknow226 005,0522,2453168/158 / 176; 24, Usha Sadan, Prem Nagar,Ashok Marg,Lucknow226 001,0522,3213183,; Tej Krishan
Plaza, 313/9,Khun Khunji Road, Chowk,,Lucknow226 003,0522,2258454 / 455 / 456; Shivani Plaza, Khunkhunji Plaza, ,2/54, Vijay Khand,
Gomtinagar,Lucknow226 010,0522,2391664/65 / 2391280; LUDHIANA: Ground Floor, Sco -3,Feroze Gandhi Market,Ludhiana141 001,0161,4680050
To 4680062 And 4680080; MADURAI: 274, Goods Shed Street,~,Madurai625 001,0452,2350855 (D) / 2350852 - 854 ; MANGALORE: mahendra
Arcade, Ground Floor,No.4-6-577/21/22, Kodial Bail,Mangalore575 003,0824,2492302, 2496332, 2492901; MEERUT:1St Floor, Medi Centre, Opp
Eves Centre,Hapur Road Near Bachha Park,Meerut250 002,0121,2520068; MORADABAD: om Arcade, First Floor, Parkar Road,Above Syndicate
Bank, Taari Khana Chowk,Moradabad244 001,0591,2310470, 2320470; MUMBAI: 7&8, Eric House, Ground Floor, 16Th Road,Chembur Gymkhana
Road, Near Ambedkar Garden, Chembur,Mumbai400 071,022,25209335, 25209336, 25209337, 25209338; 101 Sapna Building, Above Idbi Bank,S K
Bhole Marg, Dadar West,Mumbai400 028,022,24329763, 24322158, 24324378, 24329738, 24324662; J eevan Udyog Bldg, Above Khadi Gram
Udyog,,Opp Citi Bank, Dn Road, Fort,Mumbai400 001,022,22031601/02/03/04; 29, Patel Shopping Centre, Wst Floor,Opp. Foodland Restaurant
Sainath Road, Malad (West),Mumbai400 064,022,28824241 / 28828281 / 28895159 / 28891077; 7, Andheri I ndustrial Estate,Off: Veera Desai
Road,Andheri (West)400 053,022,26730799 / 843 / 311 / 867 / 153 / 292; 115, Arun Chambers, 1St Floor,Next To A/C Market, Tardeo,Mumbai400
034,022,66607042 / 66607043; 103, 1St Floor, J eevan Chaya Bldg., ,Ram Maruti Road, Naupada ,Thane (West)400 602,022,25446124 / 25446121;
Thane - 1St Floor, J eevan Chaya Bldg., ,Ram Maruti Road, Naupada ,Thane (West) -400 602, Ph:022,25446124 / 25446121; Navi Mumbai:b-153,
Vashi Plaza,Sector 17, Vashi,Navi Mumbai400 705,022,67912087, 67912168, 67912169; MYSORE:l-350, Silver Tower, 1St Floor,Ashoka Road,
Opp: Clock Tower,Mysore570 001,0821,2524292, 2524294; NAGPUR: 230-231, 3Rd Floor, Shriram Shyam Towers,Next To Niit Building, Sardar,
Kingsway,Nagpur440 001,0712,6614146 / 6614145; NASIK: f1, Suyojit Sankul Sharanpur Road,Near Rajiv Gandhi Bhavan,Nasik422 002,0253,6602542
/ 6602543 /6602544; NAVSARI: 1St Floor, Chinmay Arcade,Opp: Sattapir, Sayaji Road,Navsari396 445,02637,280362, 280363, 280364; NEW
DELHI: 105-108, Arunachal Building,19, Barakhamba Road, Connaught Place,New Delhi110 001,011,23324401 / 23324409/43509200; 110-112,
First Floor, Suneja Tower I,J anak Puri District Centre,New Delhi110 058,011,41588242 / 41511403 / 25547637; 23, Shivaji Marg,Motinagar,New
Delhi110 015,011,45436371 /41428630 /41428562 /259288505; 301, Vishal Bhavan,95, Nehru Place,New Delhi110 019,011,26447065 / 26447066
44
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
/ 41617868; B 2 Dd A Market, Shop No 50,First Floor, Paschim Vihar,New Delhi110 063,011,25263901 / 25263903 / 42321024; 104, 1St Floor,
Nanda Devi Towers,Prashanth Vihar, Central Market,New Delhi110 085,011,27864193 / 27864281 / 27864377; NOIDA: 307, J aipuria Plaza, D-
68A,2Nd Floor, (Opp Delhi Public School) Sector 26,Noida201 301,0120,2539271, 2539272; PANIPATH:1St Floor, Krishna Tower,,Above Amertex
G T Road,Panipath132 103,0180,2644308 /2644376; PATIALA: Sco 27 D, Chhoti Baradari,~,Patiala147 001,0175,5051726 / 27 / 28; PANJIM:no.7
& 8, El. Dorado Plaza,Heliodoro Salgado Road, Panjim,Panjim403 001,0832,2426870, 2426871, 2426872; PATNA: Anand Tower, 2Nd Floor,
Exhibition Road,Near Republic Hotel, Opp: Mithila Motors,Patna800 001,0612,2321354 / 55 / 56 / 57; PUNE:office No.88, 4Th Floor, B Wing,
Shrinath Plaza,Sant Dayaneshwar Paduka Chowk, Fc Road,Pune411 033,020,30203100; Rameera Towers, 130 / 24,Pimprichinchwad,, New Township
Road, Tilak Road, Nigidi,Pune411 044,020,27659116 / 115; RAIPUR:02& 03, Lower Level, Millennium Plaza, ,Ground Floor, Behind Indian Coffee
House, G E Road,Raipur492 001,0771,2236694-96, 6450194; RAJKOT: 312 Star Chambers, ,Harihar Chowk,Rajkot360 001,0281,6453888;
RANCHI:Commerce Towers, 3Rd Floor,Beside Mahabir Towers Main Road,Ranchi834 001,0651,2330386, 2330394, 2330320; SALEM:40,
Brindavan Road, Near Perumal Koil,Fair Lands,Salem636 016,0427,2335700 / 2335705 / 2335701 - 704 ; SILIGURI: nanak Complex,2Nd Floor,
Sevoke Road,Siliguri734 001,0353,2526393, 2526394, 2526395, 2526396, 2526397, 2526399; SHIMOGA: LLR Road, Opp. Telecom GMS Office,
Durgigudi, Shimoga 577201, Ph-08182-228795; 228796; 227485; SURAT: GF-16, Empire State Building,Nr.Udhana Darwaja, Ring Road,Surat395
002,0261,3243497 & 3017151 - 55; TIRUPATI : No16, 1st Floor,Rc Road, Tirupati, Andhra Pradesh -517502Ph: 0877-2252756, 2252426;
TRIVANDRUM - 2nd Floor; Akshaya Towers; Near Hyundai, Showroom, Above J et Airways; Trivandrum 695010, Ph-0471-2725989 - 90-91
TIRUPUR - KAMARAJ ROAD : 244 A, 1st Floor, Kamarj Road,Opp Cotton Market Complex,Tirupur, Tamil Nadu-641604Ph: 0421-2214221 /
2214319; UJJAIN :101, Astha Tower, 13/1, Dhanwantary Marg,Freeganj,Ujjain-456010Ph: 0734-4250001 TO 4250008; UDAIPUR: 201-202,
Madhav Chambers, Opp.Gpo,Madhuban Chetak Circle,Udaipur313 001,0294,5101601 / 602 / 603; VALSAD: Phiroza Corner; Shop No.02; Opp. Icici
Bank,Tithal Cross Road, Halar Char Raasta,Valsad, Surat, Gujarat,-396001Ph: 02632-326901 / 02; VADODARA:ff-4, Shital Plaza,Uday Nagar Soc,
Ajwa Road,Vadodara390 019,0265,3240417, 2510318; C-1/2/3, J alanand Township, Nr. Undera J akat Naka,Gorwa,Vadodara390 016,0265,3259060,
3240300; B-3, Mangaldeep Complex, Opp To Masonic Hall,,Productivity Road, ,Vadodara390 007,0265,2322864 & 3243348; 38, Payal Complex,
Near Vadodara Stock Exch,Sayajigunj,Vadodara390 005,0265,2225168 / 169, 2361514 / 2225220; VARANASI: d 64 / 132, Ka, 1St Floor,Anant
Complex, Sigra,Varanasi 221 001,0542,2225365 / 2223814; VIJAYAWADA: 39-10-7, Opp: Muni cipal Water Tank,Labbipetvij ayawada520
0100866Vijayawada2495200 / 400 / 500 / 600 / 700 / 800; VISHAKAPATNAM:47-14-4, Eswar Paradise,Dwaraka Nagar Main Roadvishakapatnam530
0160891Vishakapatnam2752915 To 18; AMBALA: 5509, nichoson road, adjacent kos hospital, ambala cantonement, ambala, 133 001, 0171,
2631324. AMRAVATI: shop no.27, gulshan plaza, raja peth, badnera road, amravati, 444 605, 0721, 2565671. ASANSOL: 18 g t road, 2nd floor,
asansol, 713 301, 0341, 2214623, 2214624, 2214625. BILASPUR: shop no.201/202, first floor, v r plaza, link road, bilaspur, 495 001, 07752,
406701, 236466, 236420.BOKARO: b-1, first floor, city centre, near sona chandi, sector - 4, bokaro steel city, bokaro, 827 004, 06542, 233330,
233331, 233332.BURDWAN: birhata (halder complex), 63, g t road, burdwan, 713 101, 0342, 2550801 / 0840 / 0219 . DURGAPUR: old dutta
automobile building, 1st floor, benachity, malancha road, durgapur, 713 213, 0343, 2586375 to 77. FARIDABAD: a-2b, 1st floor, neelam bata road,
nit, faridabad, 121 001, 0129, 4181000. GUNTUR: 6-10-18, chunduri house, arundelpet, guntur, 522 002, 0863, 2326686, 2326687. KARNAL: shop
no.26, kunjpura road, nehru palace, karnal, 132 001, 0184, 2251524, 2251525, 2251526.KOCHI: Cheruparambathu road, first cross road, kadabanthra,
kochin - 682020, .KOLHAPUR: omkar plaza, shop no.f2 & f4, 1st floor, rajaram road, near icici bank, kolhapur, 416 008, 0231, 2520650.
Kottayam: 1st floor, , csi ascension church complex, kottayam, 686 002, 0481, 2302420, 2302421.MEHSANA: ul-47, apollo enclave, highway road,
mehsana, 384 002, 02762, 323258, 242950.PONDICHERRY: first floor, no.7, thiayagaraja street, pondicherry, 605 001, 0413, 2220636 / 2220640
/ 2220633 / 2220644 .RAJAHMUNDRY: d.no.79-1-3/1, jawahar l al nehru road,, rajahmundry , 533 102, 0883,
2437494,2434470,2438188ril3097391.ROHTAK: 1st floor, ashok plaza, delhi road, rohtak, 124 001, 01262, 253597, 271983. ROURKELA:
plot no.554, 1st floor, sandhu complex, kachery road, udit nagar, rourkela, 769 012, 0661, 2510770, 2510771, 2510772.VAPI: shop no.5, bhikhaji
regency, opp: dcb bank, vapi-silvassa road, vapi, 396 195, 0260, 3206404. 3205955. BELGAUM : Mudnur Complex, 2nd Floor,Club Road,City & Dist:
Belgaum, Karnataka-590001, Ph : 0831-2402544 / 2402722, BHATINDA: 2047-A, 2nd Floor, Above Max New Yark Life I nsurance,The Mall
Road,Bhatinda, 151001, Ph : 0164-5006725 TO 727 / 2239521 / 2239522. BHILWARA: 27-28; 1st Floor,Heera Panna Market,Bhilwara, 311001,Ph
: 01482-246362-364, 512586. BIKANER :2nd Floor, Plot No 70 & 71, Dr.chahar Building,Panchshati Circle, Sardul Gunj Scheme,Bikaner, 334003,Ph
: 0151-2200014.CALICUT: First Floor, Savithri Building,Opp.fatima Hospital, Bank Road,Calicut-673001,Ph : 0495-2760882 / 2760884 / 2760883.
GANGTOK: T S Towers, Opp. Hotel Tashi Delek,M G Marg,Gangtok Sikkim - 737101,Ph : 03592-201457 / 58, JALGAON : Laxminarayan Plaza,
148,Navipeth, Opp. Vijaya Bank,J algoan, - 425001, Ph : 0257-2226761,3024000,01,02,03,04, JAMMU: 5, A D , 2nd Extentition,Green Belt Park,
Near Petrol Pump,Gandhinagar, J ammu, - 180012,Ph : 0191- 9205434665, 9205044667, 9205044665; MUZAFFARNAGAR : 203/99c; Sadar
Bazar,Opposite Peace Library,Town Hall Road, Muzaffarnagar, - 251001, Ph : 0131 - 2437349, 2437359, 2433795, NADIAD: 105; City Point,Near
Paras Cinema,Nadiad; Gujarat, - 387001, Ph : 0268-2563210/245/248; PANCHKULA: 1st Floor, Dss No. 404,Sector-8,Panchkula, - 136109, Ph :
0172-2572135 / 2572148 / 2572149; SHILLONG: Mani Bhavan Annexe; Opp. R K M Elp School,Lower Police Bazarthana Road,Shillong; Meghalaya,
- 793001, Ph : 0364-2224175 / 2224186 / 2228172; SHIMLA: Triveni Building,bye Pass Chownk,Khalini,Shimla, Himachal Pradesh, - 170002, Ph
: 0177-2624453, 2623205; TRICHY: Sri Krishna Arcade, 60,Thennur High Road, Thennur,Trichy, Tamil Nadu, -621017,Ph : 0431-279130004020226;
GORAKHPUR: 1st Floor, Above V.i.p. House,Adjoining A.d.girls College; Bank Road,Gorakhpur, -273001,Ph : 5524-2205458; IDBI CAPITAL
MARKET SERVICES LIMITED : MUMBAI Mafatlal Centre , 3rd Flr , Nariman Point, Mumbai-400021, Ph- 91+22-43221212 /43221202/4322
1143 HEM SECURITIES LTD : GWALIOR, Pavan vihar colony, J insinala no.3, near janak hospital, Lashkar, 1ST floor, bhargawa sadan,near ashoka
palace, jinsinala no.3, lashkar, JAIPUR-204 J aipur Tower,M.I.Road, KOTA, 20-A, Talwandi, Mumbai, 14/15, Khatau Bldg,1st Floor,44 Bank Street,Fort-
400001, GUWAHATI, Room No. 2006, Ist Floor, RamKumars Arcade,Near Parmeshwari Building, Chotibari- 781001, Ph- 2519054 NIRMAL BANG
SECURITIES PVT LTD : MUMBAI, 201/301, 2nd Floor, Khandelwal House, Podar Road, Near Podar Park, Malad (E), Mumbai-400097, Ph-
7738380315 LKP SECURITIES LTD., : MUMBAI, Maharashtra bank bldg., 45/47, B S Marg, Fort, 400001 ASHIKA STOCK BROKING LIMITED
: MUMBAI, 1008, Raheja Centre, 214, Nariman Point, 400 021, 022- 66111700, 1008, Raheja Centre, 214, Nariman Point, Mumbai- 400 021, 022-
66111700, KOLKATA Trinity, 226/1 AJ C Bose Road, 7
th
Floor Kolkata- 700 020, 033 - 4010 2500 KEYNOTE CAPITALS LIMITED : MUMBAI,
The Ruby, 9
th
Floor, Senapati Bapat Marg , Dadar (W), Mumbai 400 028 STANDARD CHARTERED SECURITIES (INDIA) LTD. : MUMBAI,Training
Room No. 2, Standard Chartered Tower, 201-B/1, 1st Floor, Western Express Highway, Goregaon, (East), Mumbai - 400 063. Tel.: (91-22) 6755 9626/
6751 5851 Fax: (91-22) 6751 5998 IFCI FINANCIAL SERVICES LIMITED : MUMBAI, Mafatlal Chambers , Ground Floor Wing C ,N M J oshi
Marg ,Lower Parel (E),Mumbai 400 013, Tel: (B) 022 43335111, 12 Ajaydeep, 1st Floor, 240 Perin Nariman Street, Bazar Gate, Fort, Mumbai
400001 Tel: B: +91-22-43474900 JM FINANCIAL SERVICES LTD : AHMEDABAD : Mr Bhavesh Shah/Mr.Girish Shah, J M Financial Services Ltd,
G-10 Chinubhai Centre, Gr. Flr,Nehru Bridge Corner,Ashram Road, Ahmedabad-380 009.Ph:079-2657 6666 70. BANGALORE : Mr Yeriswamy
Reddy/Mr Prashant Upadhyay, J M Financial Services Ltd, 97/4 Residency Rd, Bangalore - 560 025.Ph:-080- 30912400/2299 8264/65/66/67. CHENNAI
: Mr B Kalaiselvan/Ms. T V Sumithra, J M Financial Services Ltd, Gee Gee Crystal - 5th Floor,91-92. Dr.Radhakrishnan Salai,Mylapore, Chennai - 600
004. Ph:044-4225 5666. HYDERABAD : Mr Ganpathy Murthy/Chandrasekhar, J M Financial Services Ltd, 9-10 Uma Chambers,3rd Floor, Banjara
Hills, Hyderabad-500 034. Ph:040- 6636 0009/10/12/46. SECUNDERABAD : Mr Mallesh/Mr Pravin Chary, J M Financial Services Ltd, 3rd Floor, 305
J ade Arcade, Opp Paradise Hotel, M G Road, Secundrabad- 500 003. Ph:(040) 3982 5200. INDORE : Mr. Manish Upadhyay/Aarti, J M Financial
Services Ltd, UG-7 & 8, Ground Floor, D M Tower, ,21/1, Race Course Road,Indore-452 004. Ph:0731-3072111/4262111. JAIPUR : Mr Anurag
Tandon, J M Financial Services Ltd, G-7 & G-8,Brij Anukamba,Plot No.K-13, Ashoka Marg,C-Scheme,J aipur -302 001. Ph:0141-3984400. KOLKATA
: Mr. Bhaskar Chaterjee, J M Financial Services Ltd, Kankaria Estate, 8th Flr,6th Little Russell Street,Kolkata-700 071. Ph: 033-3987 0330. MUMBAI
: Mr Kaushik Datta/R Mukundan/Kedar Pimputkar/Ms Armin Irani, J M Financial Services Ltd, 2,3,4 Kamanwala Chambers,P M Road, Fort,Mumbai-
400 001. Ph:022-2266 5577 - 80, 3021 3500.Mr Ashit Vora/Atul Shukla, J M Financial Services Ltd, 1st Floor, Patel House, Next to Bank of Baroda,M
G Road, Vileparle (E), Mumbai-400 057. Ph:022-2613 5202-41-67077440-43. Ms J yotsna Solanki/Mr C V George, J M Financial Services Ltd, 1st
Floor, New Pushpanjali II, J ambli Galli, (Factory Lane) , Opp Chintamani J ewellers, Borivali (West), Mumbai-400 092.Ph:022- 6695 9120 - 23/3021
5400. Mr. Tilak Sanil,J M Financial Services Ltd, 424/425 Kalidas Plaza, V B Lane,Ghatkopar East, Mumbai-400 075.Ph:022-6710 4738/3097 8700.
Mr. Nilesh Gavle J M Financial Services Ltd Ground Floor, Anushka, New Link Rd,Andheri (West) Mumbai 400 053 Ph:022- 66191600/612 NEW
DELHI : Mr Prasad Nair/Mr C S Tiwari, J M Financial Services Ltd, 5 G&H, 5th Floor, Hansalaya Building, 15, Barakhamba Road, New Delhi -110 001.
Ph: (011) 4263 5699. PUNE: Mr Anand Shirke/Mr Sanjay Yelwande, J M Financial Services Ltd, 205 Business Guild ,Opp. Krishna Dining Hall,Law
45
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
College Road, Erandawane, Pune-411 004. Ph:020-3987 1601/00/66033720. RAJKOT : Mr Sona Verghese, J M Financial Services Ltd, 202 Solitaire,
2nd Floor, Swami Vivekanand Marg, Near Municipal Commissioner Bunglow, Ramkrishna Nagar, Rajkot -360 007. Ph:0281-3984101/3984000.
SURAT : Mr. Dipen Shah /Mr Nishant Trivedi, J M Financial Services Ltd, 407, 4th Floor, 21 Century Business Centre, Near Udhna Char Rasta, Ring
Road, Surat-395 002. Ph:0261-3984000. VADODARA : Mr. Ghanshyam Vyas/Mr Rashmin J adhav, J M Financial Services Ltd, G1Ground Floor,
Shohan, 49 Alkapuri Society, Opp. HDFC Bank, Alkapuri, Vadodara-390 007. Ph:0265-3984 300. VISHAKHAPATNAM: Mr Satish, J M Financial
Services Ltd, Door No 9-1-224/4/3, 1st Floor, Nandan Nirman, CBM Compound, Near Rama Talkies J unction, Visakhapatnam -530 003. Ph: (0891)
3983 800. WARANGAL : Ravinder J amboju, Soma Financial Services,Drno16-10-1349 , Near Pallavi Hospital , Shiva Nagar , Warangal, Andhra
Pradesh 506002.Mobile No : 9885644211. SYSTEMATIX SHARES & STOCKS LTD : Mumbai Mahesh M. Ojha J K Samani Building.3rd Floor
.British Hotel Lane. Fort Near Stock Exchange British Hotel Lane Fort 400001 022 Ph: 66198185/30298185; Chennai VR Ganeshan 4th Floor
Block C&D Ega Trade Centre 809,Poonamailee High Road Kllpauk .600010 Ph: 044-30582078/80; Hyderabad Venkata Srinivasa Rao 6.3.650.2nd
Floor Office No.206 Maheshwari Chambers Samajiguda 500082 500082 Ph: 040-30789113/114/118; Indore Manoj Gupta 206/207.II Floor.Banshi
Trade Centre 565/581M.G Road . 452001 Ph: 3018111/15 ; Kota Abhishek 1st Floor .18Sindhi Colony Rawath Bhata Bus Stand Road,Gumanpura
324007 Ph: 0744-32955178; Jaipur Amitendra Tepan 116, 1st Floor ,Sunny Paradise Near Kamal &Company.Tank Road 302018 Ph: 0141-
3963876 Lucknow Hema Gupta 1st Floor,Indrakarn Plaza Lalbagh Road. Lalbagh. 226001 0522-3255347/49; Kolkata Prakash J ain 1 Old Court
House Corner Tabacco House.2nd Floor.Kalkata 700001 Ph: 033-30287505 to 09; Delhi Kaushal Sharma 1303,Nirmal Tower Building, 13th Floor
26,Barakhamba Road 110001 Ph: 011-30481213-17; SMC GLOBAL SECURITIES LTD, : Jaipur: 401, fourth Floor Shyam Anukampa Opp HDFC
BANK Ashok Marg C scheme J aipur Ph no 9001799686, Kolkata, 18, Rabindra Sarani Podder Court Gate NO 4, 5th Floor Kolkatta -700001 Ph no
09933664479 Mumbai, 258,Perin Nariman Street First Floor Fort mumbai -400001 Ph no 09821111219, 9930055430 , New Delhi, 17 , Netaji
Subhash Marg, Opp. Golcha Cinema Daryaganj, New Delhi-110 002 Ph no 9818620470 , 9810059041, SHAREKHAN LIMITED : Plot No -1012 ,
Godawn , Devi Dayal Compound , Next To Crampton & Greaves Kanjur Village Road. Kanjur Marg ( East ) Mumbai 400042 Tel no 61169179
RR EQUITY BROKERS PRIVATE LIMITED
Ahmedabad: RR Equity Brokers, 401, Abhijit-1, Opp. Bhuj Mercantile Bank, Mithakhali, 6 Road, Navrangpura, Ahmedabad-390009 079- 40211888,
IIFL 4th Floor, High Street I, Above promart mall, Law Garden Cross Road, Ahmedabad-380006 Tel No .079-39874071. India Infoline Limited, 2nd
Floor, High Street 1, NR. G.L.S. College, Above Pro Mart Mall, LAW Garden Cross road, Ahmedabad-380006, J M Financial Services Ltd, G-10
Chinubhai Centre, Gr. Flr,Nehru Bridge Corner,Ashram Road, Ahmedabad-380 009.Ph:079-2657 6666 70. Kotak Securities Limited., 207, 2nd Floor,
Sakar-II, Ellisbridge Corner, Ashram Road.P:26587276; Integrated: Ashram Road -B/14 Capital Commercial Centre, 1st Floor, Near Sanyas Ashram,
Ashram Road, Ahmedabad - 380 009. Phone : 40071030 / 2657667 Ahmedabad - Mani Nagar -LG 12/13/14, H.J . House, Opp. IBP Petrol Pump,
Rambaugh, Maninagar - 380 008. Phone : 25450718 / 25463670 Ahmedabad Navrangpura -21, Nirman, Gr.Floor, Behind Navrangpura Bus Stop,
Navrangpura,Ahmedabad 380 009. Phone : 26443289 / 26447825 Bangalore: RR Equity Brokers, S-111,Manipal Centre,47,Deckenson Road,Banglore-
42 080-42477177; IIFL31/9, Krimson Square,2Nd Floor, Above Vishal Megamart,Rupena Agrahara, Hosur Main Road, Bangalore 560 068 Tel No. 080-
42618100. Banglore -: India Infoline Ltd,Esquire Centre, #9/8,Block no-2C 2nd Floor, MG Road, MG Road Premia, Banglore-560001. J M Financial
Services Ltd, 97/4 Residency Rd, Bangalore - 560 025.Ph:-080- 30912400/2299 8264/65/66/67. Kotak Securities: BANGALORE: Kotak Securities
Limited., Umiya LandmarkII Flr., No:10/7 -Lavelle Rd.P: 66203601; Integrated Malleswaram - No 12, Ramanuja Plaza, Ground Floor, 5th Cross,
Malleswaram,Bangalore - 560 003. Phone : 23446386 / 23461470 Bangalore - Indira Nagar - No. 671, 17th D Cross, Indiranagar 2nd Stage,Bangalore
- 560 038. Phone : 25258490 / 25219347 Bangalore J ayanagar - No-20( old CITB No-56) , 1st Floor, 8th-F Main Road, J ayanagar 3rd Block,
Bangalore, 560011. Phone : 080-22441561 / 080-26534659 Bangalore Koramangala - 971, G.K. Towers, 1st Floor, 1st A Main, St.Bed Layout, 4th
Block, Koramangala, Bangalore - 560 095. Phone : 41217750 / 41217751 Bangalore Banashankari - 1296 1st Floor, 30th Main Road Banashankari
2nd Stage Bangalore - 560 070. Phone : 32008338 / 26711389 ; Bhubaneshwar -: SOMI PALACE,1st Floor, Plot No-M5/17,Acharya Vihar,
Bhubaneswar-751013 Tel No. 0674-2376414.Bhopal I ntegrated, Manasarovar Complex,FM 14,C Block, First Floor,(Near Habibganj Railway
Station),Habibganj Station Road, Bhopal - 462011. Phone : 4266005 / 4266006 Bubhaneshwar I ntegrated 39 F, I Floor,Kalika J ewellery and
Sons,Ashok Nagar, Bhubaneswar - 751009 Phone : 2530613 / 2530614 Chandigarh: RR Equity Brokers, SCO-222-223,Gr. Floor,Sector-34A,
Chandigarh 0172-2624896; II FL,3015/16, 2nd Floor, Sec 22D, Opp Kishan bhawan, Chandigarh-160022.Tel No. 0172- 4650980Chennai: RR
Equity Brokers, 3rd Flr.,Percision Plaza,New -397, Teynampet, anna Salai, Chennai- 600018 044-42077370/71;IIFL: Tower No-143, MGR Salai, Near
To Life Line Hospital Perungudi, Chennai-600096 Tel No. 044-43982650. Ganesh Complex, 2nd Floor, 393/280, Annasalai Teynampet, Chennai-
600018, J M Financial Services Ltd, Gee Gee Crystal - 5th Floor,91-92. Dr.Radhakrishnan Salai,Mylapore,Chennai - 600 004. Ph:044-4225 5666.
Kotak Securities: Kotak Securities Limited., GRR Business Cneter, No.21, Vaidyaraman Street, T Nagar.:66462000; Integrated : Adyar - Ground Floor,
15, Balaram Road, Adyar, Chennai - 600 020. Phone : 24420776 / 24914178/24451575 Ambattur - Old No.18/2 , New No.58,Mounasamy Madam
Street,Ambattur, Chennai - 600 053. Phone : 26570654 / 26570679 Anna Nagar - No: W-65 A1, TLV Manor, Ground Floor,(Opp. Tower Club),
Annanagar, Chennai - 600 040. Phone : 26282616 / 26214371 Ashok Nagar - Old No.22, New No.8, II Floor, 10th Avenue, (Above Krishna Sweets),
Ashok Nagar, Chennai - 600 083. Phone : 24895378 / 24718482 George Town - Old No 111 New No 227, Thambu Chetty Street,First Floor (Near
Kalikambal Kovil),George Town ,Chennai - 600 001. Phone : 25241041 / 25219488 Nanganallur -No 15, 14th Street, 3rd Main Road, Nanganallur,
Chennai - 600 061. Phone : 22673928 / 22673728 West Mambalam - 36, Thambaiah Reddy Road North Extn, West Mambalam, Chennai - 600 033.
Phone : 23720701 / 23720702, 23720703 Chrompet - No.53 and 55, First Floor, Shop-C, Station Road, Radha Nagar, Chrompet,Chennai - 600 044.
Phone : 22653171 / 22653172 Perambur - 56, Madhavaram High Road, First Floor, Opp.SBI, Perambur, Chennai - 600 011. Phone : 25521353 /
25521352 Porur - No:9 vinayagar Koil St, New Colony,(Near St. J ohns School), Porur, Chennai - 600 116. Phone : 24768399 / Periyar Nagar - No.5,
2nd Floor, Chelliamman Colony, Papermills Road, (Next to Shanmuga Mahal), Peravallur, Chennai - 600 082. Phone : 26713123 /24 / 26713125 /26
Mogappair:Plot 393-B,Shop S -1,2nd Floor, Thriuvallur Salai, Mogappair, Chennai - 600 037 Phone : 26560587 / 26562586 Mylapore - Old No. 17/
2, New No. 18/1, Ground Floor, Balaiah Avenue, Mylapore, Chennai - 600 004. Phone : 24983748 / 24983502 COIMBATORE: Kotak Securities
Limited., 1st Floor, Red rose chamber, 1437,Trichy road.P: 6699666; Integrated, R.S.Puram - J anaki Apts., Ground Floor, 29/176, Ramalingam Road
(West), R.S. Puram, Coimbatore - 641 002. Phone : 2471944 / 2471505 Integrated, Saibaba Colony - Shop No.19 / 20 Ground Floor, Aarpee Centre,320
N NSR Rd, Saibaba Colony, Coimbatore - 641011 . Phone : 2434391 / 2434358 Cochin - Integrated, RAJ SOUDH, I Floor, 39/3477, M.G.Road,
Ernakulam - 682 016. Phone : 2358922 / 2358923 Chembur - Integrated, 11 and 12, Gr Floor, Neelkanth Commercial Complex, Next to Hotel
Orchids, Govandi Road, Chembur - 400 071. Phone : 25210768 / 25217660 Dhanbad- Integrated, Shri Ram Plaza, 3rd Floor, Shop No.308, Bank
More, Dhanbad -J harkhand - 826001. Phone : 2300737 / 2304331 / 2307635 Dehradun: RR Equity Brokers, 56, 1st Floor, Rajpur Road,Opp.
Madhuban, Dehradun, Uttaranchal- 248001 0135-3258181.Faridabad: RR Equity Brokers, Shop No. 55, 1st Floor, Near Flyover,Neelam Chowk,NIIT,
Faridabad - 121001, Haryana 0129-02427361;Ghaziabad: RR Equity Brokers, 114, Satyam Complex, Raj Nagar DC, Raj Nagar, Ghaziabad - 201002,
Uttar Pradesh 0120-2828090;Goa -: Alfran Plaza , 2Nd Floor, No S - 59/60,M.G.Road, Near Don Bosco School, Panaji Goa 403001 Tel No. 0832-
2220011/12/13/14, Integrated 106, 1st Floor, Durga Chambers, Opp. Kenis Hotel, 18th J une Road, Panjim,Goa - 403 001. Phone : 2426904 / 2426905
Guntur - I ntegrated, 6-9-15,9/1 Aurndelpet,Guntur - 522002 Phone : 2326624 / 2337809Hyderabad -: I ndia I nfoline Ltd, D.No. 5-9-22/B/501, 5th
& 6th Floor,My Home Sarovar Plaza,Secretariat Road,Hyderabad-500004. Tel No. 040-44889630. Hyderabad:-India I nfoline Limited, My Home
Sarovar Plaza, Secret Ariat Road, Hyderabad-04 Kotak Securities: HYDERABAD: Kotak Securities Limited., 9-1-777, 4th Flr, Beside ITC Bldg, S D Rd,
(LANE Opp to DBR Diagnosis), P:65326394; J M: HYDERABAD : Mr Ganpathy Murthy/Chandrasekhar, J M Financial Services Ltd, 9-10 Uma
Chambers,3rd Floor, Banjara Hills, Hyderabad-500 034. Ph:040- 6636 0009/10/12/46. SECUNDERABAD : Mr Mallesh/Mr Pravin Chary, J M Financial
Services Ltd, 3rd Floor, 305 J ade Arcade, Opp Paradise Hotel, M G Road, Secundrabad- 500 003. Ph:(040) 3982 5200. Integrated, No.5-10-197/A, G4,
I Floor, Reliance Krishna Apts, Beside Kalanjali Bhavan, Navad Pahad, Hill Fort Road, Hyderabad - 500 004. Phone : 23242375 / 23242472 Hubli-
: India Infoline Ltd, 1st Floor, Sona Chambers, Club Road, HUBLI-580029. INDORE : J M Financial Services Ltd, UG-7 & 8, Ground Floor, D M Tower,
,21/1, Race Course Road,Indore-452 004. Ph:0731-3072111/4262111.. Kotak Securities: INDORE: Kotak Securities Limited., 314, Citi Centre, 570,
M.G. Road.P:2537336;Jaipur: RR Equity Brokers, 7,Katewa Bhawan,Opp. Ganapati Plaza, MI Road,J aipur- 302001 0141-3235456;II FL: J aipur -:
5Th Floor, City Mall,Bhagwandas Road,(Near To Rajmandir Cinema) J aipur -302001. Tel No. 0141-3063301. J aipur -: I ndia Infoline Ltd, 50, J DA
MARKET, Mansarovar Link Road, Hans Marg,Gopalpura Byepass,J aipur-302018 Tel No. 0141-3085032. J M Financial Services Ltd, G-7 & G-8,Brij
Anukamba,Pl ot No.K-13, Ashoka Marg,C-Scheme,J aipur -302 001. Ph:0141-3984400Jamshedpur -: I I FL: 1st Floor,Tiweri
46
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
Bechar,Bistupur,J amshedpur-831001. Tel No. 09771435523. Integrated, Shop No.8, Meghdeep Apts, H No.5, Line No.2, Q Road, Bistupur, J amshedpur,
Pincode - 831001, J harkhand. Phone : 2756319 / 2756321 Karaikudi - I ntegrated, Mahendra Complex, 7/1, Poisollameyyar Street, New Town,
Karaikudi - 630 001. Phone : 238452 / 235174 l Karur - Integrated, 43, Padma towers, III Floor, Covai Road, Karur 639 002 Phone : 234128 /
234129 Kumbakonam - I ntegrated, 36/37, Pachayappa Street, Kumbakonam - 612 001. Phone : 2431520 / 2422670 Kakinada - I ntegrated, LIG
7, 2-6-38, AP Housing Board, 100 Building Center, Srinagar,Kakinada - 533 003. Phone : 2377258 Kochi -IIFL:2Nd Floor,Sana Tower,M.G.Road,J ose
J unction, Kochi -16. Tel No. 0484- 4028071.Kolkata: RR Equity Brokers, 704,Krishna Bldg.,224,AJ C Bose Road, Kolkata- 700017 033-22802963/
22806878; IIFL: Kolkata -: Zonal Off, 1, Shakespere Sarani, Acmarket, 5Th Floor, Kolkata -700071. Tel No. 033-64590742. Kolkata -: India Infoline
Ltd,Zonal Off, 1, Shakespere Sarani, ACMarket,Theatre Road,9th Floor, Kolkata -700071.J M: KOLKATA : Mr. Bhaskar Chaterjee, J M Financial
Services Ltd, Kankaria Estate, 8th Flr,6th Little Russell Street,Kolkata-700 071. Ph: 033-3987 0330. Integrated: Kolkata Dalhousie - No. 210, A-
Wing,2nd Floor, 24.Hemanta Basu Sarani,Mangalam,Kolkata - 700001 Phone : 22310556 / 22310557 / 22310558 Kolkata Garia -D/122, Ramgarh,
P.O.Naktala, Garia Ganguli Bagan, Kolkata - 700047Phone : 24290552 / 24290553/ 24290554 Kolkata - Salt Lake -BA-37, Sector -1, PNB Island,
Kolkata- 700 064 Phone : 23580900 / 23580890 Kolkata South -Flat No.1-B, 4C Lansdowne Place, Opp. Road of Ramakrishna Mission Hospital,
Kolkata - 700 029. Phone : 24746400 / 24742705 KOCHI: Kotak Securities Limited., 40/1400, 11th Floor, Ensign Enclave, J os J unction, M.G.
Road.P: 2377386; KOLKATTA: Kotak Securities Limited., 5th Floor, Apeejay House, Block B, 15, Park Street,P:22273999; Lucknow: RR Equity
Brokers, G-32,Shriram Tower,13- A,Ashok Marg, Lucknow- 226001 0522- 4057612;I I FL: Chunniganj-: I ndia Infoline Ltd, MCS Building, 96-5,
Chunniganj The Mall, Kanpur UP-208001.Integrated: Lucknow - 207 - A, 2nd Floor, Saran Chambers II, 5, Park Road, Lucknow - 226 001. Phone :
2235736 / 2236766 Mumbai: RR Equity Brokers, 18 First Floor,105 bombay Samachar Marg.,Fort, Mumbai- 400023 022-40544201/224; RR Equity
Brokers, 133A, Mittal Tower, A Wing, 13th Floor, Nariman Point, Mumbai- 400021 9324804084;IIFL: Mumbai -: India Infoline Limited, IIFL House,
PlotNo.B-23, Road No.16, Thane Wagle estate, Thane (W)-400604. Tel No. 41035273/74/41030211. Mumbai -: I ndia I nfoline Ltd,Off No-1A,
Building No 105,Opp. Bharat House,Mumbai Samachar Marg,Fort, Mumbai 400001. Tel No. 8898073617/022-49142100,J M: MUMBAI : Mr Kaushik
Datta/R Mukundan/Kedar Pimputkar/Ms Armin I rani, J M Financial Services Ltd, 2,3,4 Kamanwala Chambers,P M Road, Fort,Mumbai-400 001.
Ph:022-2266 5577 - 80, 3021 3500.Mr Ashit Vora/Atul Shukla, J M Financial Services Ltd, 1st Floor, Patel House, Next to Bank of Baroda,M G Road,
Vileparle (E), Mumbai-400 057. Ph:022-2613 5202-41-67077440-43. Ms J yotsna Solanki/Mr C V George, J M Financial Services Ltd, 1st Floor, New
Pushpanjali II, J ambli Galli, (Factory Lane) , Opp Chintamani J ewellers, Borivali (West), Mumbai-400 092.Ph:022- 6695 9120 - 23/3021 5400. Mr.
Tilak Sanil,J M Financial Services Ltd, 424/425 Kalidas Plaza, V B Lane,Ghatkopar East, Mumbai-400 075.Ph:022-6710 4738/3097 8700. Mr. Nilesh
Gavle J M Financial Services Ltd Ground Floor, Anushka, New Link Rd,Andheri (West) Mumbai400 053 Ph:022- 66191600/612, Kotak Securities:
MUMBAI: Kotak Securities Limited., 32, Gr Flr., Raja Bahadur Compound, Opp Bank of Maharashtra, Fort, Mumbai-400 023.Tel:22655074; I IFL:
Pune -: 5Th Floor, Lohia J ain It Park, Chandani Chowk, Paud Road, Pune-411038. Tel No. 020-30913423/020-30913414. Pune-: 5th Floor, Lohia
J ain IT Park, Survey No- 150/A/1+2, Plot No-1 Paud Road, Kothrud Pune - 411038.J M: PUNE: Mr Anand Shirke/Mr Sanjay Yelwande, J M Financial
Services Ltd, 205 Business Guild ,Opp. Krishna Dining Hall,Law College Road, Erandawane, Pune-411 004. Ph:020-3987 1601/00/66033720 IIFL :
Nashik -:10 & 11, Viraj Corner, Canada Corner, Nashik-422005. Tel No. 0253-3918750. Sharekhan Limited : Mumbai , 10th Floor, Beta Building,Lodha
iThink Techno Campus,Off. J VLR, Opp. Kanjurmarg Station, Kanjurmarg (E), Mumbai 400 042. I ntegrated: Matunga -No 15, Old Mahavir
Building,Mahavir Market,Bhandarkar Road,Matunga East,Mumbai - 400 019. Phone : 24013163 / 24013164, Bandra -Shop No.7, Veena Beena
Complex, Opp Bandra Railway Station,Mumbai - 400 050. Phone : 26403883 / 26558735 Borivali -No. 4, Gora Gandhi Apts, I Floor, Above Hotel
Samrat, Chandavarkar Lane,Borivali - 400 092. Phone : 42087200 Andheri -No.210, II Floor, Centre Square, S.V.Road, Andheri West 400 058. Phone
: 42087100 Vashi -A-216, 1st Floor,Vashi Plaza, Sector - 17, Vashi, New Mumbai - 400 703 Phone : 27660042 / 27660043 Vile Parle -Shop No. 105,
1st Floor, Super Market,Monghibai Road, Next to Bank of Maharashtra,Vileparle East, Mumbai - 400 057. Phone : 26133855 / 26182137 Dadar West
-F - 4, Ground Floor, F. Kasturchand Building, Gokhale Road South, Opp Portugese Church, Dadar West, Mumbai 400 028. Phone : 24318356 /
24318496 Dombivili -107, Triveni Building, 1st Floor, Opp: Nityanand Hotel, J awaharlal Nehru Road, Dombivli (E), Mumbai - 421 201. Phone :
2433471 / 2863717 Ghatkopar -24, Odeon Shopping Centre, Vallabhbaug Lane, Ghatkopar East, Mumbai-400 077. Phone : 40331501 / 40331502
Thane Station -No 102, I Floor,Shree Krishna Complex CHS Ltd, Dada Patil Wadi, Next to Ganesh Towers ,Thane West - 400 602. Phone : 25301256
/ 25301257 Thane - Vasant Vihar -22,Amrapali Arcade, Vasant Vihar, Pokhran Road 2, Thane West - 400 601. Phone : 21730813 / 21730814 Fort -
Dalal St. -59, Sonawala Building, Gr.Floor, Bombay Samachar Marg, Fort,Mumbai - 400 023. Phone : 22662825 / 22662728 Integrated: Pune Camp
-Shop No.23, East Street Gallery, East Street, Camp, Pune - 411 001. Phone : 26361633 / 26361634 Pune Kothrud - Shop No 2, Sai Sayaji Villa 163,
Azadwadi , Shastrinagar, Near Vivekanand Chowk, Kothrud Road, Pune - 411 038. Phone : 25389232 / 25388667Pune - Shukrawar Peth -7 and 8
Arthshilp, Gr.Floor, 1349, 1350, Shukrawar Peth, Bajirao Road,Pune - 411 002. Phone : 24473944 / 24481891 , Integrated, No.7 1st floor,Abhishek
commercial complex,Above Dena Bank,Plotno.104,S V Road Malad (w) Phone : 28802878 / 28823965 Integrated, S-13-14, Gala Kunj Apartments,
Dr.Ambedkar Road, Mulund West,Mumbai - 400 080. Phone : 25690700 / 25927065, Nagpur Integrated, Dhantoli - Block No.108, SathyamTowers,
(First Floor), (Diagonally opposite to BIG BAZAAR), Plot No.8, Wardha Road, Dhantoli, Nagpur 440012. Phone : 2420105 / 2443106 Nasik -
Integrated, B Wing, Parshuram Apts, Opp. Times of India Office, College Road,Nasik - 422 005. Phone : 2575524 / 2316300 Madurai - Integrated,
82, 1st Floor, Vakkil New Street, Madurai - 625 001. Phone : 2630305 / 2620560 Mayiladuthurai - I ntegrated, 1A/2, Kallarai Thoppu Street,
Mayiladuthurai - 609 001Phone : 240046 Mysore - Integrated, 133, Shika Towers, Second Floor, Rama Vilas Road, Mysore - 570 024. Phone :
2424188 / 4266682 MANGALORE: Kotak Securities Limited., No.4, 3rd Floor, The Trade Centre, J yoti Centre, Bunts Hostel Road, Near J yoti Circle,
P: 424180; New Delhi: RR Equity Brokers, 47, M.M. Road, Rani J hansi Marg, J handewalan, New Delhi 110055 011-23636363/62; RR Equity
Brokers, 105, Anchal Plaza,Nelson Mandela Road Vasant Kunj,New Delhi-110070, 011-26891262,26134764 ; RR Equity Brokers, 105, Pratap
Bhawan , Bahadur Shah Zafar Marg, New Delhi - 110001 011- 49505500,41509018 ; RR Equity Brokers, 118, Gagandeep Building, Rajendra Place ,
New Delhi- 110008 011- 25764872,41538956; RR Equity Brokers, 106, Pankaj Chambers, Preet Vihar Community Centre, Delhi - 110092, 011-
42421238-39, 49504400;RR Equity Brokers, Shop No. 24, FD Market, Near Madhuban Chowk, Pitampura , Delhi - 110034 011 27311419; RR
Equity Brokers, N-24 - 25, Connaught Place, New Delhi - 110001 011- 41523306, 46308803, 41523229; RR Equity Brokers, 111, J yotishikhar, 8
Distt. Centre , J anakpuri, New Delhi - 110018 011- 25617654; IIFL: New Delhi - : 71/3, 1St Floor, Rama Road, Najaphgarh Road, Above Dhl Bldg,
Motinagar New Delhi-110015. Tel No. 011-42965037. New Delhi -: India Infoline Ltd71/3 ,1st Flr Najafgarh Road,Industrial Area , New Delhi -
110015. 011-49315057. J M: NEW DELHI : Mr Prasad Nair/Mr C S Tiwari, J M Financial Services Ltd, 5 G&H, 5th Floor, Hansalaya Building, 15,
Barakhamba Road, New Delhi -110 001. Ph: (011) 4263 5699. Kotak Securities: NEW DELHI : Kotak Securities Limited., 202-217, 2nd Floor,
Ambadeep Building, 14, Kasturba Gandhi Marg.P:66313131; Integrated: New Delhi J anakpuri -UG - 30, Suneja Towers - II, District Centre, J anakpuri,
Newdelhi - 110 058. Phone : 45170345 / 45170346 New Delhi - Karol Bagh -1691 / 36, (I Floor), Arya Samaj Road,(Opp. to Satbhrawan School),
Naiwala,Karol Bagh,New Delhi-110 005. Phone : 45170331 to 45170335 New Delhi - Nehru Place -No. 316, 3rd Floor, Hemkunt Chambers, Nehru
Place, New Delhi - 110 019. Phone : 46681444 / 46681445 New Delhi - Preet Vihar -204, Sagar Plaza, Next to Coffee Home, Laxmi Nagar District
Centre,New Delhi - 110092 Phone : 47587168 / 47587169 Meerut -IIFL 2Nd Floor, Above Hdfc Bank,381 Westwern Kacheri Road,Meerut-250002.
Tel No. 0121- 40161777.Noida: RR Equity Brokers, P-5,Sector - 18,Noida- 201301, Uttar Pradesh 0120-4336992; Nellore - Integrated, Shop
No.27, Co-operative Bank Shopping Complex, Trunk Road, Nellore - 524 001. Phone : 2326297 / 2332040 Patna I I FL, 2Nd Floor, Ashiana
Chamber, Block A, Exibition Road, Opp.Republic Hotel, Patna -800001. Tel No. 0612-6455416. I ntegrated, No.313, J agat Trade Centre, Fraser
Road, Patna 800 001. Phone : 2205943 Puduchery - Integrated, No.40-A,Aurobindo Street, (Between M.G.Road & Mission Street), Pondicherry - 605
001.Phone : 2222155 / 4207233 Palghat - I ntegrated, No 15/152, J .K. Building, Coimbatore Road, Sulthanpet, Palakkad - 678001. Phone : 0491-
3291019 / 2535519 Raipur IIFL, Nagdev Plaza, Block-A,1St Floor,J ail Road,Infront Of Hotel Satluj,Kutchery Chowk. Raipur-492001. Tel No. 0771-
4211666/7714211601.Rajamundhry - I ntegrated, 6-14-7/1, Opp. Pala Varthakula Sangam, Achantavari St, T.Nagar,Rajamundhry - 533101. Phone
: 2422120 / 2437533 Rajkot -: IIFL: Millennium Square,2Nd & 3Rd Floor,Opp Royale Inn Hotel,Phulchab Chowk, Rajkot-360001. Tel No. 0281-
6198301. J M Financial Services Ltd, 202 Solitaire, 2nd Floor, Swami Vivekanand Marg, Near Municipal Commissioner Bunglow, Ramkrishna Nagar,
Rajkot -360 007. Ph:0281-3984101/3984000 Integrated, 130, Star Chambers, 1st Floor, Harihar Chowk, Dr. Rajendra Prasad Road,Rajkot - 360 001.
Phone : 3041451 / 2240373 SURAT: Kotak Securities Limited., Kotak House, K G Point, 1st Floor, Nr.Ganga Palace, Opp.IDBI Bank, Ghoddod
Road.P: 2254553;Surat - I IFL:701, 702, 709, 710, 21st Century Business Centre, Near Udhna Darwaja,Ring Road ,Surat-395002. Tel No. 0261-
6677515 J M: SURAT : Mr. Dipen Shah /Mr Nishant Trivedi, J M Financial Services Ltd, 407, 4th Floor, 21 Century Business Centre, Near Udhna Char
Rasta, Ring Road, Surat-395 002. Ph:0261-3984000. Integrated, C-18 1st Floor,Belgium Chambers, Next to City Co-op Bank, Main Ring Road, Delhi
47
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
Gate, Surat - 395 003. Phone : 2454535 / 2450086, 2410815 Secunderabad -: IIFL: 12-5-29/11, 2nd floor, Castle Mansion, Above Appollo Hospitals,
Batukammakunta, Tarnaka Secunderabad- 500017. 040-40078293. Integrated, 202,Second Floor, Karan Centre Sarojin Devi Road, Secunderabad-
500003. Phone : 27845605 / 27816080 Salem - Integrated, Shop No.8/9/10, M.R.Complex, 1st Floor, No.114, Kanakupillai Street, Alagapuram,
Salem - 636016. Phone : 2446727 / 2336746 Thanjavur- Integrated, 1999, Kamal Towers, West Main Street, Thanjavur 613 009.Phone:230928
/ 230929.Tirunelveli: I ntegrated, Arunagiri Complex Next To SBI 25b-1/31 and 25b-1/32 I Floor, S.N.High Road, Tirunelveli J unction - 627 001
Phone : 2323331 Trichy - Thillai Nagar - Integrated, 25-A Sastri road, Gitanjali Apts ,Thillai Nagar,Trichy - 620018 Phone : 2742068 / 2741468,
Chatram Bus Stand - Integrated, Chitra Complex - No.11, Gr. Floor, Near Chatram Bus Stand, Trichy - 620 002. Phone : 2703670 / 2716387, Srirangam
- Integrated, 1st Floor,Dr. Prabaker Rao Complex, 17-C,Gandhi Road,Srirangam, Trichy - 620 006. Phone : 2436211 / 2433512 Trichy Thiruverumbur
Integrated, - Plot No. 23, Erumbeeswarar Nagar, Malaikoil, Thiruverumbur, Trichy - 620013. Phone : 6460246 / Tambaram - Integrated, 135, (Old
No.33) Ayyaswamy Street, West Tambaram, Chennai-600 045. Phone : 22260557 / 22260386 T.Nagar - I ntegrated, Motilal Street - 42/1, Motilal
Street, T.Nagar, Chennai - 600 017. Phone : 24347830 / 24341642 T.Nagar - I ntegrated, North Usman Road - 1st Floor, Kences Towers, 1,
Ramakrishna Street, North Usman Road, T.Nagar, Chennai - 600 017. Phone : 28140484 Triplicane Integrated, Old No.33,New No.69 1st Floor, SVS
Center, Big Street, Triplicane, Chennai - 600 005 Phone : 28543156 Thrissur - Integrated, 1st Floor, B Inland Arcade, Mannath lane, Thrissur - 680
001. Phone : 3204561 / 3204562 Trivandrum - Integrated, Aashiana, 1 Floor, TC 28/2829 (2), Kuthiravattom Road, Trivandrum - 695 001. Phone
: 0471-2461593 Tirupathi - Integrated, D.No.10-13-490A, 2nd Floor,Beside Krisha Reddy Hospital, Tirupathi - 517501. Phone : 2224001 / 2224003
Vadvalli Integrated, Shop No.4 Sakthi Centre Ground Floor, Muthammal Avenue, Maruthamalai Main Road, Vadavalli,Vadodara: RR Equity
Brokers, 222 Siddharth Complex,RC Dutta Road.,Vadodra- 390007 0265-3256190/2353195.IIFL: Baroda -: GF-14/15 AMrapali Complex Water Tank
Road, Karelibaug, Vadodara-390018. Tel No -: 0265-3018261. 3rd Floor, Bhagwan Chamber, Opp. Circuit House, Alkapuri , Baroda 390007J M:
VADODARA : Mr. Ghanshyam Vyas/Mr Rashmin J adhav, J M Financial Services Ltd, G1Ground Floor, Shohan, 49 Alkapuri Society, Opp. HDFC Bank,
Alkapuri, Vadodara-390 007. Ph:0265-3984 300. Kotak Securities: Baroda : Integrated Alkapuri -F- 40/41, National Plaza, 1st Floor, R.C.Dutt Road,
Alkapuri, Baroda - 390 007. Phone : 2343677 / 2341608 Baroda Makarpura -SB-12 Silver Coin, Basement, Opp. Bhavans School, Teen Rasta,
Makarpura Road, Vadodara - 390 009. Phone : 6451008 / 2648001 Baroda Raopura -GF-4 Mahavir Complex, Near G.E.B. Sub Station, Navrang
Talkies Road, Raopura, Baroda - 390 001. Phone : 2421099 / 6585433 VISHAKHAPATNAM: J M Financial Services Ltd, Door No 9-1-224/4/3, 1st
Fl oor, Nandan Nirman, CBM Compound, Near Rama Talki es J uncti on, Vi sakhapatnam -530 003. Ph: (0891) 3983 800. Kotak Securi ties:
VI SAKHAPATNAM: Kotak Securities Limited., Door No.47-10-15, VRC Complex , 2nd Floor, Railway Station Rd , Dwarka Nagar, P: 6642009
Integrated, -TC-1, 3rd Floor, Dwaraka Plaza, Main Road, Dwaraka Nagar, Vizag - 530 016 . Phone : 2513606 / 2747020 Velachery - Integrated, 189/
2, 100 Feet By-pass Rd, Next to Appasamy Hospital, Vijayanagar, Velachery, Chennai-600 042. Phone : 42184538 / 42184970 Virugambakkam -
Integrated, No:1,Rajeshwari Colony, (Near Girias & next to LIC) Virugambakkam. chennai-93 Virugambakkam, Chennai 600 092 Phone : 23774408
/ 23774497 Vijayawada - Integrated, D No. 29-13-29, Ist Floor, Kaleswara Rao Road, Near Dornakal X Roads,Suryaraopeta,Vijayawada - 520 002.
Phone : 2472414 / 2470517 Warangal - I ntegrated, C-15/16, Green Square Plaza, Vadderaju Complex, Near Petrol Pump, Opp: Public Garden,
Hanmakonda, Warrangal Dist - 506 001. Phone : 2546421 / 2546471
The Trading Members shall accept Application Forms only in such cities/ towns where the banking branches (escrow banks) are
available. Details of such branches of the Escrow Banks where the Application Formalong with the cheque/ demand draft submitted
by a Non ASBA applicant shall be deposited by the Trading Members are available on the websites of NSE and BSE at www.nseindia.com
and www.bseindia.com, respectively.
Sr. SyndicateASBA Branch Address Contact Person Contact Number Fax
No. Bank
1 Axis Bank Limited Centralised Collections and Payment Hub (CCPH) 9th Floor, Solaris, C-Wing Opp Mr Kirit Rathod, Vice President 022-40754981 / 82 / 83 / 022-40754996
L&T Gate No 6, Saki Vihar Road, Powai, Mumbai 400072 9820850829
2 State Bank of Gunfoundry, Hyderabad Sri Ashok Kulkarni 040-23387325 040-23387743
Hyderabad
3 Corporation Bank Capital Market Branch, Ist Floor, Earnest House, NCPA Marg Nariman Point, Mr Amod Kumar 22841406/ 22842764/ 022-22843823
Mumbai-400021 9870340031
4 State Bank of Anakatchery Buildings, Y M C A Road, Statue, Thiruvananthapuram-695001 P.P. MURALEEDHARAN 0471-2333676 0471-2338134
Travencore
5 IDBI Bank Limited IDBI Bank Limited, Central Processing Unit, Sarju House, 3rdFloor, Plot No 7, Street Meyyappan VR /Meenakshi 022-6670 0659/66700660 022-
No. 15, Andheri MIDC, Andheri (E), Mumbai, Pin : 400093 Khangarot 66700669/708
6 State Bank of State Bank of Bikaner & Jaipur, P.R. Road, Jaipur -302005 Shri Arun Paliwal 0141-4003380/ 9413398771 0141-2365219
Bikaner & Jaipur
7 Yes Bank YES Bank Limited, Tiecicon House, Second Floor, Dr. E Moses Road, Mahalaxmi, Mahesh Shirali / Manoj Bisht/ 022 66229031 / 9164 / 9070 022 24974875
Mumbai 400 011 Shankar Vichare
8 Punjab National Capital Market Services Branch, PNB House, Fort, Sir P.M.Road, Mumbai Sh. K K Khurana Tel 022- 22621122, 022 22621124
Bank 22621123,
9 Deutsche Bank Sidrah, 110, Swami Vivekananda Road, Khar (West), Mumbai- 400052 Manish Kulkarni 022-6600 9428 022-66009666
10 Union Bank of India Mumbai Samachar Marg Branch Mr.O.P.Jain 022- 22629411/ 2262 9404 022-2267 6685
11 HDFC Bank Limited FIG OPS Department, Lodha, I Think Techno Campus, O-3 Level, Next to Deepak Rane / 022-30752928 / 30752927 022 -25799801
Kanjurmarg Railway Station, Kanjurmarg (East) Mumbai - 400 042 Maharashtra. Uday Dixit
12 Bank of Baroda Mumbai Main Office Mr. Sonu A. Arekar 40468314, 40468307 022-22835236
13 ICICI Bank Ltd Capital Market Division,Fort Roshan Tellis 022-22627600 022-22611138
14 Vijaya Bank HEAD OFFICE BLDG 41/2,M G ROADBANGALORE KARNATAKA STATE-560001 Vittaldas Acharya 080-25584281 080-25584281
15 Bank of Maharashtra Fort Branch, 1stFloor, Janmangal, 45/47, Mumbai Samachar Marg, Mumbai 23 A D Deshpande (Assistant 022-22694160/22652595/ 022-22681296
General Manager) 22663947/ 9730000438
16 STATE BANK OF Capital Market Branch, Videocon Heritage Building (Klick House),Charanjit Rai Ms Vidya Krishnan 022 22094927,
INDIA Marg, Fort, Mumbai-400 001 022 22094932
17 Andhra Bank 18, Homi Modi StreetNanavati Mahalaya, Fort Branch, Mumbai-400023. Mr.K.Umamaheswaram, 022-22046160/ 022-22046160
Chief Manager / Mr.T.V. Rao,
Sr.Manager(Operations)
18 HSBC Limited 3rd Floor, PCM Dept. Umang, Plot CTS No. 1406-A/28, Mindspace, Malad (West) Mr Jagrut Joshi (022) 67115485/ 9870403732 (022) 66536005
Mumbai 400 064 (address of IPO Operations office)
TRADING MEMBERS
48
HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
19 Kotak Mahindra Kotak Infiniti, 6th Floor, Building No. 21, Infinity Park, Off Western Express Sanjay Sawant +91 22 66056587 +91 22 66056642
Bank Ltd Highway, General AK Vaidya Marg,Malad (E)
20 Bank of India Stock Exchange Branch, Phiroze Jeejeebhoy Tower, (New Stock Exchange Bldg), Shri B. B. Sharma, Manager 022- 2272 1677 (Direct) 022-2272 1782
P. J. Tower, Dalal Street, Fort, Mumbai 400 023. 022- 2272 2399 (Board)
21 CITI Bank Citigroup Center, Plot No C-61, Bandra-Kurla Complex, Bandra (E), Mumbai-51 S Girish 022-26535504 98199 12248 022-26535824
22 IndusInd Bank Premises No. 1, Sonawala Building 57, Mumbai Samachar Marg, Fort, Mumbai 01 Mr. Yogesh Adke 9833670809 / 022-66366589 022 - 66366590
23 Allahabad Bank Allahabad Bank, Fort Branch, 37, Mumbai Samachar Marg Post Box No. 282, Shri S. K. Jain Chief Manager (022)- 22655739, 22662018 (022)- 22661935
Mumbai, Maharashtra 400 023
24 Karur Vysya Bank DEMAT CELL, FIRST FLOOR, No 37, WHITES ROAD, ROYAPETTAH, NORI SUBRAHMANYAM 044- 28518265 044-28518269
Ltd CHENNAI - 600 014
25 The Federal Bank ASBA CELL, Retail Business Dept., Federal Bank, Marine Drive, Ernakulam 682031 Dhanya Dominic 0484-2201847 4842385605
Limited
26 Indian Bank Nandanam Branch- 480 Anna Salai, Nandanam 600035 Mr. V Muthukumar / 044 24330233 044 24347755
Mr. M Veerabahu
27 Central Bank of India Ground floor, Central Bank of India, Central Bank Building, Fort, Mumbai 400001 Mr. Vineet Bansaj 022- 22623148, 22623149 022-22623150
28 Oriental Bank of 67, Bombay Samachar Marg, Sonawala Building, Fort, Shri B.K. Palrecha 022-22654791/95 022-22654779
Commerce Mumbai -400001 Asstt. General Manager
29 Standard Chartered Crescenzo, 3rdFloor, C/3839, G-Block, Opp. MCA Club, Brandra- Kurla Complex, Ms. Priscilla Dsilva +91 22 26757227/234 +91 22 26757358
Bank Bandra(E),Mumbai 400 051
30 J P Morgan Chase J.P. Morgan Tower, Off C.S.T. Road, Kalina Santacruz - East, Mumbai - 400 098 Nandita Halady 6157 3833 6157 3910
Bank, N.A.
31 Nutan Nagrik Opp samratheshwar mahadev, Nr, Law Garden, Ellisbbridge. Miti shah 9879506795 7926564715
Sahakari Bank Ltd.
32 UCO Bank Mumbai Main (Retail) Br., UCO Bank Bldg., D. N. Road, Mumbai- 400 023 Manager 022 40180105 2222870754
33 Canara Bank Merchant Banking Division, 407-412, 4thFloor, Himalaya House, 79, Mata Ramabai Mr. K. S. Prasanna 022-022-22677405/406 022-22677404
Ambedkar Marg, Mumbai 400 001
34 United Bank of Global Cash Management Services Hub, 4th Floor,United Bank of India, United AGM (CMS & Demat) 033 22624175/ 2262417
India Tower, Head Office,11, Hemanta Basu Sarani, Kolkata 700 001.
35 Syndicate Bank Capital Market Services Br. 26A, First Floor, SyndicateBank bldg, P.M.road, Fort, P Padmavathy Sundaram, 022-22621844 022-22700997
Mumbai - 1 Chief Manager
36 South Indian Bank ASBA Cell (NODAL OFFICE)1st Floor, SIB Building, Market Road, Ernakulam John K Mechery 9645817905 0484-2351923
682035, Kerala, India.
37 Indian Overseas Chennai DP Branch, Mezzanine Floor, Cathedral Branch, 762, Anna Salai, Chennai Mr. R.S. Mani / Mr. 044-28513616/ 044- 28513619
Bank 600 002 M. Sasikumar 28513617/ 28513618
38 Tamilnad Mercantile TAMILNAD MERCANTILE BANK LTD.,DEPOSITORY PARTICIPANT Mr. K. Natarajan 044-26192552 044-26204174
Bank Ltd. SERVICES CELL, THIRD FLOOR, PLOT NO.4923, AC/16, 2nd AVENUE, ANNA
NAGAR (WEST), CHENNAI - 600 040, TAMILNADU, INDIA
39 City Union Bank 48, Mahalakshmi St.,T.Nagar, Chennai - 600 017. Sivaraman 044 - 24340010, 044 - 24348586
Ltd. 24343517, 24346060,
24348586 , 9380286558,
9382642081, 9380286558
40 BNP Paribas French Bank Bldg., 62, Homji Street, Fort, Mumbai 400 001 Mr. Prem Mariwala 022-66501376 022 66501620
41 The Kalupur Kalupur Bank Bhavan, Nr. Income Tax Circle, Ashram Road, Ahmedabad-380 014 Jay V. Pathak Manager 079-27582028 079-40014118/
Commercial Co- 40014149
Operative Bank Ltd.
42 Bank of America EA Chambers, Express Avenue 8th Floor No. 49, 50L, Whites Road, Royapettah, Swaminathan Ganapathy 044-42904526 044-43528911
N.A. Chennai 600014
43 The Lakshmi Vilas 64,dr,v.b.gandhi marg, p.b.no.1783, kalaghoda, fort mumbai, great mumbai district, Raghu Nagarajan 022-22672255-22672247(M) 22670267
Bank Ltd. maharashtra-400001 22673435(CM)
44 State Bank of CO 99-102, Sector - 8C, Chandigarh Shri. Amarjit Singh Girn 0172-2779116, 2546124, 0172-2546080
Patiala 2543868/ 9779586096
45 State Bank of Dalal Street, P.B.No.1066, #24/28, Cama Building, Dalal Street, Fort, Mr.Rajeshwar Das, Manager 9022469176 022-22656346
Mysore Mumbai-400001.
46 The Surat Peoples Central Office.Vasudhara Bhavan, Timaliyawad, Nanpura, Surat 395001 Mr. Iqbal Shaikh 0261-2464577 0261-2464577,
Co-op Bank Ltd 592
47 Dhanlaxmi Bank The Dhanlaxmi Bank Ground Floor, Janmabhoomi Bhavan, Plot 11 -12, Gunavati karkera 022 2202535 022-22871637
Limited Janmabhoomi Marg, Fort Mumbai, Maharashtra - 400 001
48 The Saraswat Madhushree, Plot No. 85, 4thFloor, District Business Centre, Sector 17, Mr. A. A. Bhatia (O) 27884161 27884162 27884153
Cooperative Vashi, Navi Mumbai 400703 27884163 27884164, (M)
Bank Ltd. 9820505121
49 DBS Bank Ltd DBS Bank Ltd, Fort House, 221, Dr. D.N. Road, Fort, Mumbai, 400 001 Amol Natekar +91 22 6613 1213 +91 22 6752 8470
50 Dena Bank Dena Bank, Capital Market Branch, 17, B, Horniman Circle, Fort, Mumbai 23 Branch Manager 022-22661206, 22702881 022-22694426 /
22702880
51 Karnataka Bank Ltd The Karnataka Bank Ltd, MangaloreH O Complex Branch, Mahaveera Circle, Ravindranath Baglodi, 0824-2228139 /140 /141 0824-2228138
Kankanady, Mangalore 575002 Sr.Manager
52 The Ahmedabad Head office :-"Amco House", Nr. Stadium Circle, Navrangpura, Ahmedabad-09 Bimal P Chokshi 079-26426582-84-88 079-26564863
Mercantile Co-Op.
Bank Ltd.
53 Ing Vysya Bank Ltd CMS HUB, NO 20 VITHAL MALLY ROAD, EDEN PARK, BANGALORE -560001 Yoganand J, Akshay Hegde 080-22532135, 080-25005316 080-22532111
54 Janata Sahakari N.S.D.L. Department, Bharat Bhavan, 1360, Shukrawar Peth, Pune - 411002. Shri Ajit Manohar Sane 020-24431011, 020-24431016 020-24431014
Bank Ltd.
ASBA Applicant may approach any of the above banks for submitting their application in this Offer. For the complete list of SCSBs and their Designated Branches please
refer to the website of SEBI (http://www.sebi.gov.in/cms/sebi_data/attachdocs/1365051213899.html). A list of SCSBs is also displayed on the website of BSE and NSE
at www.bseindia.com and www.nseindia.com, respectively.
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