HCC Shares Drop 8% as Stock Turns Ex-Rights for ₹1,000-Crore Issue

Hindustan Construction Company (HCC) shares slid 8.5% to ₹20 on December 5 after the stock turned ex-rights for its ₹ 999.99 crore rights issue. The rights issue, priced at ₹12.50 per share, will open on December 12 and close on December 22. With the offer set to expand the company’s equity base by over 43%, investors reacted cautiously due to concerns about dilution, even as HCC continues to strengthen its financial position. #HCC #RightsIssue #MarketUpdate #StockMarketNews #DalalStreet #InvestingIndia #FinancialNews #StockYardUpdate