HCC Board Clears Rs 1,000 Crore Rights Issue; Stock Gains Over 4%
Hindustan Construction Company on Wednesday announced that its Securities Issuance Committee has approved raising up to Rs 1,000 crore through a rights issue of fully paid-up equity shares. The decision was taken at a meeting held on November 26, 2025, the company said in a regulatory filing.
“In continuation to our prior intimation dated November 22, 2025, please take note that the Securities Issuance Committee of the Board of Directors of the Company, at its Meeting held on November 26, 2025, has inter-alia, considered and approved the issuance of fully paid-up Equity Shares of the Company of face value of Re 1 each for an amount not exceeding Rs 1 000 Crore by way of Rights Issue to the eligible equity shareholders of the Company as on the record, subject to such regulatory and statutory approvals,” HCC stated in its filing.
The company added that the specific terms of the issue, including price, entitlement ratio, record date, and payment schedule, will be finalised and disclosed in due course. “The issuance is subject to regulatory and statutory approvals as may be required under applicable laws,” the filing noted.
Shares of HCC traded higher following the announcement, rising over 4% in intraday trade.
The scrip rose as much as 4.14% to Rs 24.42 apiece. It pared gains to trade 1.66% higher at Rs 23.84 apiece, as of 03:22 p.m. This compares to a 1.22% advance in the NSE Nifty 50 Index.
It has fallen 37% in the last 12 months. Total traded volume so far in the day stood at 1.18 times its 30-day average. The relative strength index was at 36.25.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
