HCC Launches ₹1,000 Crore Rights Issue at 48% Discount: Key Dates and Investor Eligibility

Hindustan Construction Company (HCC) has approved a rights issue worth ₹1,000 crore. A rights issue lets a company raise money by offering new shares to existing shareholders at a discounted price, helping avoid additional debt.

Issue Size and Pricing

HCC will issue 79.99 crore new shares at ₹12.5 per share, which is 48% lower than the stock’s previous closing price.

Shareholder Entitlement

If you already hold HCC shares, you will receive 277 rights shares for every 630 fully paid-up shares you own as of the record date.

Record Date and Eligibility

• Record Date: Friday, December 5
• Anyone holding shares by Thursday’s market close will qualify for the rights issue.
• Buying shares on December 5 will not make you eligible.

Subscription Window

• Opens: Friday, December 12
• Closes: Monday, December 22

Renunciation Deadlines

Shareholders who do not want to subscribe can sell their rights:

• On-market renunciation: till December 17
• Off-market renunciation: till December 19

Increase in Total Shares

After the issue, HCC’s total outstanding shares will rise from 181 crore to 261 crore.

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HCC Share Price Performance

Hindustan Construction Company share price (NSE: HCC) is trading at ₹24.65, up 2.62% as of 9:52 am on December 2. The stock opened at ₹24.50, touched a high of ₹24.70, and fell to a low of ₹24.02 during the session. HCC currently has a market capitalisation of ₹4,490 crore, with a P/E ratio of 28.90 and no declared dividend yield. Over the past year, the stock has moved between a 52-week high of ₹47.85 and a 52-week low of ₹21.97.

Conclusion

HCC’s rights issue provides existing shareholders a chance to buy shares at a steep discount. With clear timelines and flexible renunciation options, investors can choose whether to subscribe, sell their rights, or skip the issue based on their outlook on the company’s future.

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