
AGM/EGM18 Aug 2026, 04:50 pm
HCC Authorized to Raise Up to ₹800 Cr via Equity Issuance
AI Summary
Hindustan Construction Company Ltd (HCC) announced that its shareholders, at the 1001st Annual General Meeting held on August 18, 2026, have authorized the Board of Directors to raise funds up to ₹800 crore. The fundraising can be done through the issuance of equity shares or other equity-linked securities. The methods include qualified institutions placement, preferential allotment, rights issue, or a combination thereof, subject to necessary regulatory and statutory approvals. Further details are provided in Annexure A, as per SEBI Master Circular.
Key Highlights
- HCC shareholders approved fundraising up to ₹800 crore.
- Funds to be raised via equity shares or equity-linked securities.
- Issuance methods include QIP, preferential allotment, rights issue.
- Authorization granted at the 1001st Annual General Meeting.
- Subject to regulatory and statutory approvals.
Price Impact
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