Indian markets slipped into the red on Tuesday, extending the ongoing profit-booking trend on Dalal Street. The rupee also weakened further, touching a new intraday record low of 89.97 against the US dollar.
By 11:35 AM, the Sensex had dropped 365.11 points, or 0.43%, to 85,276.79, while the Nifty50 was down 109.25 points, or 0.42%, at 26,066.5.
Meanwhile, Hindustan Construction Company's (HCC) share price jumped over 14% after the company informed exchanges about the approval of its rights issue.
Hindustan Construction Company Limited (HCC) has formally approved the terms of its upcoming Rights Issue, aimed at raising ₹999.99 crore through fully paid-up equity shares. The Securities Issuance Committee of the Board finalised the structure during a meeting held on December 1, 2025.
This move comes after the Committee's earlier approval on November 26, 2025, which greenlit the offering of Rights Equity Shares for an amount not exceeding ₹1,000 crore.
The Rights Issue will comprise 79,99,91,900 equity shares, aggregating to approximately ₹999.99 crore, assuming full subscription. Each Rights Equity Share is priced at ₹12.50, which includes a premium of ₹11.50 over the face value of ₹1 per share. The price is fully payable upon application, offering existing shareholders an opportunity to increase their stake at a discounted valuation.
HCC has set Friday, December 5, 2025, as the Record Date to determine eligible shareholders for the Rights Issue. The company has fixed the Rights Entitlement Ratio at 277 Rights Equity Shares for every 630 fully paid-up Equity Shares held as on the record date. Only shareholders whose names appear in the company’s register on this date will be entitled to participate in the offering.
The Rights Issue will open on Friday, December 12, 2025, and remain available to shareholders until Monday, December 22, 2025. Eligible shareholders will have the option to transfer or renounce their Rights Entitlements within the specified period. The last date for on-market renunciation has been set as Wednesday, December 17, 2025, while the deadline for off-market renunciation is Friday, December 19, 2025.
The Board or an authorized committee may extend the issue period if needed, provided that the total duration does not exceed 30 days from the opening date. Withdrawals of applications will not be allowed once the issue closes.
The Rights Issue will significantly expand HCC’s equity base upon full subscription. Before the issue, the company had 1,81,94,76,162 equity shares outstanding. After the issuance of additional shares, the total outstanding equity is expected to increase to 2,61,94,68,062 equity shares. This expansion reflects the company’s continued focus on strengthening its capital structure and funding future growth initiatives.
Hindustan Construction Company's share price jumped over 14% after the company informed exchanges about the approval of its rights issue. As of 11:43 am, the stock price was trading at ₹26.93 per share, up by 12.24%.
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