Investment12 Aug 2025, 04:51 pm
Hindustan Construction Company Authorized to Raise Funds Up to INR 21,500 Crore
AI Summary
Hindustan Construction Company Ltd. announced at their 99th Annual General Meeting held on August 12, 2025, that the members have authorized the Board of Directors to raise funds up to INR 21,500 Crore (Rupees One Thousand Five Hundred Crore Only) through various methods including equity shares, fully or partly convertible debentures, non-convertible debentures along with warrants, any other equity based securities, Global Depository Receipts (GDRs), American Depository Receipts (ADRs), or any combination thereof. The fundraising will be executed through qualified institutions placement(s), preferential allotment or a private placement(s) and/or any other method as permitted under applicable laws.
Key Highlights
- Authorization to raise funds up to INR 21,500 Crore
- Fundraising through equity shares, debentures, GDRs, ADRs, or other methods
- To be executed through qualified institutions placement(s), preferential allotment, private placement(s)
- Subject to regulatory/statutory approvals as required
- Disclosures pursuant to SEBI Master Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/0155 dated November 11, 2024 enclosed as 'Annexure A'