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Hindustan Construction Company informs about board meeting

06 Nov 2018 Evaluate

Hindustan Construction Company has informed about notice of the meeting of the Rights issue Committee of the Company to be held on November 12,2018. This is further to the meeting of the Board of Directors of the Company held on September 5, 2018 approving the issue of equity shares of the Company of face value Re 1 each ( Equity Shares ) by way of a rights issue to the existing shareholders of the Company as on the record date for an amount not exceeding Rs 500 crores in accordance with the Securities and Exchange Board of lndia (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, in its meeting held on September 5, 2018, had also authorized a special committee of the Board, the Rights lssue Committee which has been,  authorized to finalise the terms and conditions of the issue including the issue price and all other related matters.

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






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