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HINDUSTAN CONSTRUCTION CO.LTD. - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
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18 Sep 2023
Pursuant to the provisions of Regulation 30 read with Schedule III of the SEBI Listing Regulations, please take note that pursuant to its Debt Resolution Plan, the Company along with its subsidiary i.e., Prolific Resolution Private Limited (Prolific) has entered into an Agreement whereby Jadeja Investment Private Limited (Investor) shall subscribe to 52,040 equity shares of Prolific on preferential allotment basis, which would result in Company&apos;&apos;s holding getting reduced to 49% from existing 100%. Accordingly, Prolific shall cease to be subsidiary of the Company.
View all announcements for HINDUSTAN CONSTRUCTION CO.LTD. Source: BSE India

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