HCC shares crack over 8% on record date for Rs 1,000 crore rights issue

Hindustan Construction Company (HCC) shares dropped as the stock turned ex-rights ahead of its ₹999.99-crore rights issue. The company will issue up to 79.99 crore shares at ₹12.50 each, in a ratio of 277 rights shares for every 630 held. The offer opens on December 12 and closes on December 22, with rights renunciation allowed until December 17 (on-market) and December 19 (off-market).