HCC launches ₹1,000cr rights issue at 34% discount
Hindustan Construction Company (HCC) is raising ₹1,000 crore through a rights issue, offering shares at ₹12.50 each—a solid 34% off the last closing price of ₹18.85.
If you held HCC shares as of December 5, you can buy 277 new shares for every 630 you own.
Key dates and how it works
You can trade these rights (called HCC-RE) on the market until December 17.
If you want to transfer your rights on the market, do it by December 17; off-market transfers close on December 19.
The window to apply shuts on December 22, with new shares expected to hit BSE and NSE around December 26.
What's up with HCC right now?
HCC builds big infrastructure—think roads, bridges, power plants, and water projects.
After this issue, its total shares will jump from 181 crore to about 261 crore.
The stock dropped nearly 14% after the record date but bounced back a bit this week with a small gain to ₹18.85 per share.