HCC Shares Drop 9% as Rs 1,000 Cr Rights Issue Adjustment Weighs

HCC shares drop after rights‑issue dilution; share value adjusts but firm fundamentals matter more.

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10 days ago

HCC Shares Drop 9% as Rs 1,000 Cr Rights Issue Adjustment Weighs

HCC Shares Drop 9% as Rs 1,000 Cr Rights Issue Adjustment Weighs
Shares of (HCC) fell roughly 9% on December 5 after the stock went ex‑rights ahead of its ₹1,000 crore rights issue. The firm will issue nearly 80 crore new shares at ₹12.50 each, a steep discount that dilutes existing equity. Value per share adjusts downward automatically so long‑term investors should focus on post‑issue fundamentals, not the mechanical price drop.
Companies:
  • Hindustan Construction Company
Tags:
  • HCC
  • rights issue