 "HCC opens share sale to QIPs at Rs 30.98 apiece")
The QIP committee of the board of directors of Hindustan Construction Company at it meeting has decided to open the issue, the company informed BSE in a regulatory filing.
"The floor price in respect of the Issue, based on the pricing formula prescribed under Regulation 85 of the Sebi regulations, is Rs 30.98 per equity share of the company and the relevant date for this purpose ... Is April 6, 2015," the filing said.
Also Read
The company may offer a discount of up to 5 per cent on the floor price in accordance of Regulation 85 of the Sebi regulations, the filing added.
Shares of HCC were trading at Rs 35.50 apiece, up by 6.29 per cent, at BSE at 1120 hrs.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%