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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.
Hindustan Construction Company raises over Rs 497 crore from rights issue

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