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Hindustan Construction Company allots equity shares and OCDs to Lenders on conversion of debt

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Capital Market
Last Updated : Jan 09 2017 | 12:01 AM IST

Under S4A scheme

Hindustan Construction Company announced that the Allotment Committee at its meeting held on 06 January 2017 has allotted 189,993,837 equity shares of the Company of face value of Re 1 each to the Lenders who have completed the process of conversion of debt into equity under S4A scheme. The Committee also allotted 12,095,116 Optionally Convertible Debentures (OCDs) of face value of Rs 1000 to the Lenders who have completed the process of conversion of debt into OCDs under the S4A scheme.

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First Published: Jan 07 2017 | 9:43 AM IST

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