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HCC launches discounted rights issue to raise fresh capital
HCC’s Rs 1,000 crore rights issue opened on December 12 at a 34% discount, allowing eligible shareholders to subscribe at Rs 12.
Shareholder focus has shifted to Hindustan Construction Company as its Rs 1,000 crore rights issue opens for subscription on December 12. Eligible investors are those holding HCC shares as of the record date, December 4. The company plans to issue 79.99 crore equity shares at Rs 12.50 apiece, representing a 34% discount to the previous close.