Description
NSE announces listing of 799,991,900 equity shares of HCC issued under rights and 87,929,651 equity shares of HFCL issued under QIP, effective December 26, 2025.
Summary
National Stock Exchange of India has notified the listing of further equity shares for two companies effective December 26, 2025. Hindustan Construction Company Limited (HCC) will list 799,991,900 equity shares of Re. 1/- each issued under a rights issue at Rs. 12.50 per share, allotted on December 23, 2025. HFCL Limited will list 87,929,651 equity shares of Re. 1/- each issued under a Qualified Institutional Placement (QIP) at Rs. 62.55 per share, allotted on December 24, 2025.
Key Points
- HCC: 799,991,900 equity shares of Re. 1/- each issued under rights issue
- HCC issue price: Rs. 12.50 per share
- HCC allotment date: December 23, 2025
- HCC distinctive number range: 1819476163 to 2619468062
- HCC ISIN: INE549A01026
- HFCL: 87,929,651 equity shares of Re. 1/- each issued under QIP
- HFCL issue price: Rs. 62.55 per share
- HFCL allotment date: December 24, 2025
- HFCL distinctive number range: 1442672813 to 1530602463
- HFCL ISIN: INE548A01028
- Market lot for both securities: 1
- Both issues are pari passu with existing equity shares
- No lock-in applicable for either issue
Regulatory Changes
No regulatory changes introduced. This circular is issued in pursuance of existing regulations:
- Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A for admission to dealings
- Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A for lot size specification
Compliance Requirements
- Trading members must use the designated security codes (Symbol: HCC and HFCL) for trading these securities
- Trading shall be in the specified market lot size of 1
- Shares allotted in dematerialized mode have been credited under temporary ISIN (IN8*********) in accordance with SEBI circulars CIR/MRD/DP/21/2012 dated August 02, 2012 and CIR/MRD/DP/24/2012 dated September 11, 2012 regarding activation of ISIN in case of additional issue of shares/securities
Important Dates
- HCC Allotment Date: December 23, 2025
- HFCL Allotment Date: December 24, 2025
- Circular Date: December 24, 2025
- Effective Date for Trading: December 26, 2025
Impact Assessment
Market Impact: Medium. The listing represents significant dilution for both companies, particularly HCC with nearly 800 million new shares, which will increase the free float and potentially impact share price dynamics.
HCC Impact: The rights issue at Rs. 12.50 per share adds substantial equity capital. Investors should monitor the impact on share price post-listing given the large number of shares being added to the market.
HFCL Impact: The QIP at Rs. 62.55 per share brings in qualified institutional investors and adds approximately 88 million shares to the tradable base. This represents a typical capital raising exercise through institutional placement.
Operational Impact: Both securities will trade with no lock-in restrictions and are pari passu with existing shares, providing full liquidity from day one of listing. Market lot of 1 ensures maximum trading flexibility.
Impact Justification
Routine listing of additional equity shares for two companies. Medium impact due to significant dilution in HCC (799.99 million shares) and HFCL (87.93 million shares), but these are standard corporate actions.