Hindustan Construction Company`s rights issue has been oversubscribed by 250%, with the company receiving applications worth Rs 877 crore pursuant to its rights issue as against an issue size of Rs 350 crore. The company has retained an amount of Rs 350 crore, corresponding to 100 per cent of the rights issue size, with the balance being refunded to investors. Equity Shares have been allotted to the applicants as per the basis of allotment finalized with the designated Stock Exchange i.e. BSE.Through the rights issue, the number of shares in HCC has increased by 16,66,66,666, from 151,30,28,244 to 167,96,94,910 and the Paid-up Share Capital has increased by Rs 17 crore, from Rs 151 crore to Rs 168 crore.Powered by Capital Market - Live News

Hindustan Construction Company has appointed Girish Gangal as Chief Financial Officer with effect from 18 April 2024. He replaces Rahul Rao who resigned on 18 April 2024. Powered by Capital Market - Live News

The Board of Hindustan Construction Company has approved the letter of offer dated 12 March 2024 to be filed with the Securities and Exchange Board of India, National Stock Exchange of India Limited (NSE) and BSE (BSE) for the proposed rights issue not exceeding Rs 350 crore. Powered by Capital Market - Live News

Net profit of Hindustan Construction Company reported to Rs 182.30 crore in the quarter ended December 2023 as against net loss of Rs 257.85 crore during the previous quarter ended December 2022. Sales rose 8.61% to Rs 1474.47 crore in the quarter ended December 2023 as against Rs 1357.62 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales1474.471357.62 9 OPM %16.19-10.63 - PBDT144.91-363.15 LP PBT114.48-395.13 LP NP182.30-257.85 LP Powered by Capital Market - Live News

Hindustan Construction Company will hold a meeting of the Board of Directors of the Company on 8 February 2024.Powered by Capital Market - Live News