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HCC raises Rs 480-cr

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Press Trust Of India Mumbai

Engineering major Hindustan Construction Company (HCC) said on Saturday it has raised Rs 480.10 crore through the issue of shares to Qualified Institutions Buyers (QIBs) through private placement. The board committee has allotted 4.70 crore shares to QIBs by way of Qualified Institutions Placement at an issue price of Rs 102.15 a piece, aggregating to Rs 480.10 crore, HCC said in a filing to the BSE. After the issue of shares, the paid-up shares capital stands increased to Rs 30.32 crore from Rs 25.63 crore.

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First Published: Jul 05 2009 | 12:50 AM IST

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