Hindustan Construction Company's Securities Issuance Committee has approved the terms for a Rights Issue to raise Rs. 999.99 Crore.

The company will issue 79,99,91,900 new equity shares at Rs. 12.50 per share, including a premium of Rs. 11.50. Eligible shareholders can subscribe to 277 Rights Equity Shares for every 630 existing shares held.

This capital raise will increase outstanding shares from 1,81,94,76,162 to 2,61,94,68,062, strengthening the company's financial position and funding future growth.