Everything you need to know about Hindustan Construction Company Limited Rights Issue

Hindustan Construction Company Limited (HCC) has announced a rights issue of 16,66,66,666 equity shares aggregating up to Rs. 350 crores. The rights issue opens for subscription on March 26, 2024, and closes on April 05, 2024.

Anyone who holds shares of Hindustan Construction Company Limited. as of March 16, 2024 (record date) will be eligible for receiving Rights Entitlements (REs). These REs will be temporarily traded on the stock exchanges and will then be extinguished. You can either use the REs to apply for the rights shares of the company or you can sell them in the market.

You can check the announcement from the company here.

You will be eligible to receive Rights Entitlements (REs) if you’ve bought the shares on or before March 14, 2024. The ex-date is March 16, 2024.

Rights issue details

Issue Period March 26, 2024 - April 05, 2024
RE Trading Period March 26, 2024 - April 02, 2024
RE Symbol HCC-RE
Issue Price Rs. 21 per share
Ratio 13:118
EX-date March 16, 2024
Record Date March 16, 2024
Tentative Date of Allotment for rights shares April 16, 2024
Tentative Date of Credit of rights shares April 18, 2024
Tentative Date of Listing for rights shares April 19, 2024

How to apply for Hindustan Construction Company Limited Rights Issue?

Once you either receive the REs from the company or purchase them from the market, you can apply for the rights shares using the below methods;

You can check the application process here.

You will need to enter your Demat account’s Beneficiary Owner ID which is a 16-digit number while applying for the rights issue.

The option to apply for rights shares through the RTAs portal is not available for this rights issue.

What will happen to my purchased holding of RE shares if I do not apply for the rights issue?
Your REs will lapse and you will lose the premium paid to acquire them. The RE will be in the form of temporary demat securities which will lapse if not renounced/exercised once the trading window is closed.

I don’t have the shares but bought REs, am I still eligible to apply for the rights issue?
In case you have bought REs but don’t have shares, you’re still eligible for the rights issue. You may apply for the rights shares either through the RTA’s portal or via net banking ASBA if your bank allows it. If you don’t take any action, and let the REs remain in your Zerodha account, they will lapse after the issue.

You can read more FAQs on Rights Issue and Rights Entitlements here.


I am checking now.
Why some banks dont show the right issue even now at 11 am?

SBI not showing

IDFC showing

I want to apply for right issue of HCC Ltd. I do not know procedure how to apply. Could anybody help me to know the proper process.

you MUST apply through ASBA from net banking or physical asba by visiting bank . last date is 05 april .

In some cases of rights issue some banks do not provide online asba . in such situation you have to do physical asba.