| Company | Value | Change | %Change |
|---|
The board approved the issue of 13.95 crore shares to eligible bidders at an issue price of ₹43.01 per share, which is a 5% discount to the floor price of ₹45.27 per share.
HCC had launched the QIP on December 16 to sell shares to eligible institutions.
A clutch of foreign investors have been issued shares by HCC through this QIP exercise. Here is a look at some of them:
| Fund House | % Of QIP Shares |
| SBI General Insruance | 12.50% |
| Societe Generale – ODI | 11.00% |
| Citigroup Global Markets (Various Schemes) | 7.67% |
| Leading Light Fund VCC – The Triumph Fund | 5.00% |
The four funds mentioned above have been issued more than 5% of the shares reserved for the QIP exercise by HCC, according to the company’s exchange filing.
Post the issue of this QIP, the total paid-up equity share capital of the company now stands at ₹181.94 crore, comprising of 181.93 crore shares.
Shares of HCC have risen 23% in the last one month, taking the stock back towards its recent 52-week high of ₹57.5. The stock had ended 1.6% lower on Thursday at ₹43.95. Shares have risen 58% so far in 2024.
