HCC rights issue oversubscribed two times, raises ₹2,008 crore
pre-market1 source ↓written by the desknot a recommendation
- against an issue
- ₹2,008 crore
- issue size
- ₹999.99 crore
Hindustan Construction Company Limited (HCC) announced its rights issue was oversubscribed two times, attracting applications worth ₹2,008 crore against an issue size of ₹999.99 crore. The company will retain proceeds equal to the issue size, with excess funds refunded to investors. This move aims to strengthen the balance sheet and support ongoing deleveraging efforts.
Not investment advice. For informational purposes only.