Hindustan Construction Company raises over Rs 497 crore from rights issue
Updated : December 27, 2018 11:42 PM IST
The issue was oversubscribed with HCC getting applications worth Rs 551.38 crore for sale through which it would issue up to 49.75 crore equity shares, the company said in a statement.
With this the paid-up equity capital of the company will go up Rs 151.30 crore from Rs 101.55 crore while the promoters' shareholding will increase to 33.12 percent from 27.80 percent now.
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