Hindustan Construction Company's Securities Issuance Committee has greenlit a significant fundraising initiative.

The company plans a Rights Issue of fully paid-up Equity Shares to its eligible shareholders, aiming to raise up to Rs. 1,000 Crore.

This move is a strategic step to bolster the company's capital base.

Essential details like the issue price, rights entitlement ratio, and the specific record date for shareholder eligibility will be decided and disclosed in due course.

This provides existing investors an opportunity to participate in the company's future growth by acquiring more shares.