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Hindustan Construction Company Limited has announced a board meeting where the Committee approved the closure of the Qualified Institutions Placement (QIP) for 1.39 crore equity shares at an issue price of ₹43.01 per share, which is a 5% discount to the floor price. The meeting also included the adoption of the placement document and confirmation of allocation notes to institutional buyers. Refunds will be issued to bidders entitled to receive any amounts. The placement document will be filed with the stock exchanges today.
All announcements from Hindustan Construction Company Limited