Hindustan Construction Company to raise Rs. 750 crores through QIP

The Board of Directors of Hindustan Construction Company Ltd at its meeting held on July 31, 2014, have approved raising of long term funds by way of issuance of Equity Shares through Qualified Institutions Placement (QIP Issue) for an amount upto Rs. 750 crore in compliance with the applicable laws including the provisions of Chapter VIII of the SEBI (ICDR) Regulations, 2009.

Shares of HINDUSTAN CONSTRUCTION CO.LTD. was last trading in BSE at Rs.39.4 as compared to the previous close of Rs. 39.65. The total number of shares traded during the day was 1411286 in over 8143 trades.

The stock hit an intraday high of Rs. 40.95 and intraday low of 38.6. The net turnover during the day was Rs. 56404955.

Source : Equity Bulls

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