The Cabinet Committee on Economic Affairs today approved ten per cent stake sale in Housing and Urban Development Corporation Ltd (HUDCO) out of government's shareholding of 100 percent. It has also approved allowing a price discount up-to 5 percent on the Issue Price to the retail investors and the employees of HUDCO. <br/><br/>The paid up equity capital of HUDCO is over two thousand crore rupees. Net worth of the company is around 7,800 crore rupees. The Centre has set a disinvestment target of 56,500 crore rupees for this fiscal. Of this, 36 thousand crore is to come from minority stake sale in PSUs and 20 thousand five hundred crore rupees from strategic sale.