Rights Issue14 May 2026, 06:51 pm
HCC Monitoring Report: Rights Issue Utilized ₹995.51 Cr
AI Summary
Hindustan Construction Company Ltd. (HCC) has released a Monitoring Agency Report by CARE Ratings Limited for the quarter ended March 31, 2026, concerning the utilization of proceeds from its Rights Issue. The report, reviewed by the Audit Committee on May 14, 2026, indicates that the company has utilized ₹995.51 crore towards repayment of loans and investment in a joint venture, out of the total issue size of ₹999.99 crore. The monitoring agency, CARE Ratings, declared no deviations from the stated objectives of the issue.
Key Highlights
- HCC's Rights Issue monitoring report for Q4 2026 shows ₹995.51 Cr utilized.
- Proceeds allocated to loan repayment and joint venture investment.
- CARE Ratings reports no deviation from the Rights Issue objectives.
- Audit Committee reviewed the report on May 14, 2026.
- Rights Issue size was ₹999.99 crore.
Price Impact
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