HCC gets nod to raise Rs 500 crore through rights issue

06 Sep 2018 Evaluate

Hindustan Construction Company (HCC) has received an approval for the issue of equity shares of the company by way of a rights issue to the existing shareholders. The rights issue will be for an overall amount not exceeding Rs 500 crore. The Board of Directors of the company at their meeting held on September 5, 2018, approved the same.

HCC is a leader in engineering and construction space. The company has established a vast presence and gained recognition in the sectors of Hydro Power, Water Solutions, Transportation and Nuclear Power.

HCC Share Price

31.56 0.04 (0.13%)
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Peers
Company Name CMP
Larsen & Toubro 3774.10
Rail Vikas Nigam 252.95
KEC International 694.00
Kalpataru Projects 1075.45
NCC 232.40
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