Rights Issue Announcement for Hindustan Construction Company Ltd - Mar 15, 2024

Hindustan Construction Company Ltd has announced a rights issue, offering existing shareholders the opportunity to purchase additional shares at a favorable rate. The rights issue comes with a ratio of 13:118,meaning shareholders are entitled to buy 13 new shares for every 118 shares they currently hold.

This issue is priced at a premium of 118 per share. Important dates for this rights issue include the record date of Mar 16, 2024, which is the cutoff date to determine shareholder eligibility for the rights offer. The ex-date, when the stock will begin trading without the rights entitlement, is Mar 15, 2024.