HCC shares surge 10% on ₹1,000 crore rights issue
after close1 source ↓written by the desknot a recommendation
- in Monday’s trading
- 10%
- rights issue saw
- ₹1,000 crore
- shares traded
- ₹20.18
- ₹18.54
- with bids
- 130 crore shares
Hindustan Construction Company Limited shares jumped 10% in Monday’s trading after its ₹1,000 crore rights issue saw full subscription on the final day. By 1.12 PM, shares traded at ₹20.18, up from ₹18.54, with bids for 130 crore shares against 80 crore offered. The rights issue allows existing shareholders to acquire 277 shares for every 630 held.
Not investment advice. For informational purposes only.