Hindustan Construction Company Ltd. (HCC) on Saturday said its panel has approved raising Rs 350 crore through a rights issue.
The rights issue committee approved the allotment of 16.66 crore equity shares at a price of Rs 21 each, the civil construction firm said in a filing to the BSE.
Accordingly, pursuant to the allotment, the paid-up equity share capital of the company has increased to 167.96 crore from 151.30 equity shares, it said.
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Hindustan Construction Company (HCC) is into engineering and construction space and serves the infrastructure sectors of transportation, power, and water.
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