HCC Completes Rights Issue: Allots 79.99 Cr Shares, Trading to Commence Dec 26
Hindustan Construction Company Limited (HCC) has successfully completed its Rights Issue, allotting 79,99,91,900 fully paid-up equity shares of face value ₹1 each at an issue price of ₹12.50 per share...
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Why is Hindustan Construction Company Limited in the news today?
Hindustan Construction Company Limited (HCC) is in the news due to the successful completion and oversubscription of the rights issue indicate positive investor confidence and a successful fundraising effort.
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HCC Completes Rights Issue: Allots 79.99 Cr Shares, Trading to Commence Dec 26
December 26, 2025, 06:02 AM
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Hindustan Construction Company Limited (HCC) has successfully completed its Rights Issue, allotting 79,99,91,900 fully paid-up equity shares of face value ₹1 each at an issue price of ₹12.50 per share (including a premium of ₹11.50). The total issue size aggregated up to ₹999.99 crores.
The Rights Issue, which opened for subscription on December 12, 2025, and closed on December 22, 2025, saw a robust response. Out of 1,04,907 applications for 160,60,23,564 Rights Equity Shares, 3,590 applications for 2,16,56,349 shares were rejected due to technical reasons. The total number of valid applications received was 1,01,329 for 158,43,91,967 Rights Equity Shares, representing 198.05% of the issue size.
The basis of allotment was finalized on December 23, 2025. The Securities Issuance Committee of the Board of Directors, in a meeting held on December 23, 2025, passed a resolution to allot the Rights Equity Shares to successful applicants. No Rights Equity Shares have been kept in abeyance.
Instructions for unblocking of funds in ASBA applications were given on December 23, 2025. Listing applications were filed with both BSE and NSE on December 24, 2025. The dispatch of allotment advice cum unblocking intimation to investors will be done after executing the corporate action for credit of equity shares into the respective demat accounts of the successful allottees on or about December 24, 2025, subject to grant of Listing Approval. The Rights Equity Shares are expected to commence trading on BSE and NSE with effect from December 26, 2025, under the same ISIN as equity shares (i.e., INE549A01026). Investors are reminded that trading will only be permitted in dematerialised form.
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