HCC to raise Rs 1,000 crore through rights issue

Hindustan Construction Company (HCC) on Tuesday said its board has approved the issuance of 79.99 crore rights equity shares to raise up to Rs 1,000 crore.

In a regulatory filing, the company said the rights equity shares are being offered to eligible equity shareholders in the ratio of 277 rights equity shares for every 630 fully paid-up equity shares held on the record date.

''...the board of directors of the company (in a meeting) held on November 26, 2025, approved the offer and issuance of fully paid-up equity shares of the company for an amount not exceeding Rs 1,000 crore, by way of a rights issue,'' it said.

HCC has fixed December 5 as the record date for the rights issue.

A rights issue is a fundraising instrument for a company, where it issues shares at a discount to the current price to raise funds without increasing the debt burden.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)