HCC shares jump over 14% as board approves terms of ₹1,000 crore rights issue; details shareholders need to know

In its regulatory filing, HCC said that during the meeting of the Securities Issuance Committee of the Board of Directors of the Company, the company received approval for the terms of the rights issue worth ₹1,000 crore.

It must be noted that on November 26, HCC’s board of directors had approved the issuance of fully paid-up equity shares, with a face value of ₹1 each, for an amount not exceeding ₹1,000 crore via Rights Issue.

The filing on December 1 read, "This is further to the Meeting of the Securities Issuance Committee of the Board of Directors of the Company held on November 26, 2025, approving the offer and issuance of fully paid-up Equity Shares of the Company (the "Rights Equity Shares") for an amount not exceeding ₹1000 crore, by way of a Rights Issue ("Rights Issue"), in accordance with the Companies Act, 2013."

A rights issue is a way for Indian companies to raise additional capital by offering new shares to their existing shareholders, usually at a discounted price.

HCC Rights Issue – Key Details

1. Rights Issue Structure

2. Rights Issue Timeline

3. Share Capital Before & After Issue

4. Other Terms

• Additional details, including rules on fractional entitlements and zero entitlement, will be provided in the Letter of Offer to be filed by the company.

About HCC

Hindustan Construction Company Ltd is a major engineering and construction company with expertise in the infrastructure segment. The company is primarily engaged in high-value projects for transportation, power, marine, oil and gas pipeline construction, irrigation, water supply, utilities and urban infrastructure. Founded by Seth Walchand Hirachand in 1926, it is headquartered in Mumbai.

The company also undertakes various construction and engineering works for hydroelectric power projects and nuclear power projects. HCC has completed several projects pertaining to the construction of dams, barrages, tunnels and powerhouses.

The HCC constructed Maharashtra's first dam post-independence, the Vaitarna Dam, in 1954. It constructed the Sone Barrage, India’s first barrage in Bihar, in 1966, and also the world’s longest barrage, the Farakka Barrage in West Bengal, in 1971.