HCC's ₹1,000 Cr Rights Issue Opens Today at 34% Discount

• HCC's ₹1,000 crore rights issue opens for subscription today, December 12.
• The issue involves 79.99 crore rights equity shares priced at ₹12.5 each, a 34% discount.
• Eligible shareholders receive 277 rights shares for every 630 held as of the December 5 record date.
• The rights issue will increase HCC's outstanding shares from 181 crore to 261 crore.
• On-market renunciations end December 17, and off-market renunciations end December 19.

Why It Matters: HCC's rights issue offers discounted shares, impacting shareholder value and company funding.