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Stock Report
HCC executes Rs. 3,364 Cr reduction in Corporate Guarantee to PRPL
Posted On : 2025-12-11 16:08:11( TIMEZONE : IST )
In a major milestone that will create long term value for shareholders, HCC announced a significant reduction in its exposure to debt (arising from Corporate Guarantee) issued in connection with loan facilities of Prolific Resolution Private Limited (PRPL), an associate company.
As part of its plan with lenders, HCC had transferred an aggregate debt of Rs. 2.854 crore to PRPL along with Rs. 6.508 crore of Awards & Claims, while retaining a 49% equity stake in the entity. The Company had also provided a corporate guarantee for 100% of the debt owed by PRPL to its lenders. With accrued interest, the total amount of PRPL debt along with Awards & Claims is currently Rs. 3,935 crore and Rs. 6,325 crore, respectively.
Following formal approvals from PRPL Lenders, its Board and relevant stakeholders, HCC's guarantee obligation has been reduced from 100% of the outstanding amount to Rs. 571 crore, representing 20% of the principal amount transferred. The reduction is part of the Company's ongoing commitment to de-leverage its balance sheet, strengthen its investment grade rating and access capital markets for stronger future growth as it scales its operations.
This material event has paved the way for HCC to access larger credit facil ities and raise equity capital, including the recently announced Rights Issue which is supported by HCC's Promoter Group. The revised guarantee framework has been executed today in coordination / with lending institutions and is in compliance with applicable regulatory, legal, and governance requirements.
Shares of Hindustan Construction Company Limited was last trading in BSE at Rs. 18.24 as compared to the previous close of Rs. 18.59. The total number of shares traded during the day was 1970651 in over 3877 trades.
The stock hit an intraday high of Rs. 18.94 and intraday low of 18.11. The net turnover during the day was Rs. 36298271.00.
