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Hindustan Construction Company informs about outcome of board meeting

05 Sep 2018 Evaluate

Hindustan Construction Company has informed that the Board of Directors of the Company (Board) at its meeting held on September 5, 2018 has approved the issue of equity shares of the Company (Equity Shares) by way of a rights issue to the existing shareholders of the Company on the record date determined subsequently in accordance with the provisions of applicable laws. The rights issue will be for an overall amount not exceeding Rs 500 crores and shall be in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended and other applicable laws (the Issue); For the purpose of giving effect to the Issue, the Board has constituted a special committee, Rights Issue Committee, which has been authorized to finalise the terms and conditions of the Issue including the rights entitlement ratio, issue price, record date, timing of the Issue and all other related matters; and Increase in authorized share capital of the company.

The above information is a part of company’s filings submitted to BSE

HCC Share Price

19.09 0.18 (0.95%)
17-Apr-2026 16:59 View Price Chart
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