Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest announcement is out from Hindustan Construction Co. Ltd. ( (IN:HCC) ).
Hindustan Construction Company Ltd. has completed the allotment of 79,99,91,900 equity shares under a rights issue at Rs 12.50 per share, including a premium of Rs 11.50, following the finalisation of the basis of allotment in consultation with BSE. As a result of this exercise, the company’s paid-up equity share capital has risen from Rs 181.94 crore to Rs 261.95 crore, significantly strengthening its equity base and potentially enhancing its financial flexibility for project commitments and future growth, with implications for existing shareholders through dilution but improved capital structure.
More about Hindustan Construction Co. Ltd.
Hindustan Construction Company Ltd. is an Indian infrastructure and engineering company engaged in large-scale construction projects, with its equity shares listed on both BSE Limited and the National Stock Exchange of India under the symbol HCC. The company operates in the capital-intensive construction sector where access to equity funding and a strong balance sheet are critical to supporting ongoing and future project execution.
Average Trading Volume: 2,150,190
Technical Sentiment Signal: Sell
Current Market Cap: 48.54B INR
For detailed information about HCC stock, go to TipRanks’ Stock Analysis page.