Overview
- Board approval covers issuance of 79.99 crore rights shares with an entitlement of 277 shares for every 630 held.
- December 5 is the record date to determine eligible shareholders for the offer.
- On-market renunciations will be allowed until December 17, with off-market renunciations closing on December 19.
- The issue remains subject to regulatory and statutory approvals, and the board may extend the window within legal limits.
- HCC shares jumped about 14% to Rs 27.46 after the record date was set on December 2, then fell up to 4.9% on December 3 ahead of the cutoff.