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Jun 21, 2012, 02.27 PM IST

HCC rises 3% as lenders to discuss CDR on June 25

Mumbai based engineering and construction firm Hindustan Construction Company (HCC) gained as much as 3.1% to touch an intraday high of Rs 19.85 as CNBC-TV18 reported that lenders will discuss final report on HCC on June 25.

Source: Moneycontrol.com
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Mumbai based engineering and construction firm Hindustan Construction Company (HCC) gained as much as 3.1% to touch an intraday high of Rs 19.85 as CNBC-TV18 reported that lenders will discuss final report on HCC on June 25.


According to HCC report, company will restructure its debt worth Rs 4,150 crore instead of Rs 7,600 crore earlier. 27 lenders have exposure to HCC.


At 14:15 hours IST, the share was trading at Rs 19.75, up 2.60%. Market capitalisation of the company currently stands at Rs 1,198.06 crore.
 
Even its trading volumes increased 30% to 5,83,466 shares as compared to its 5-day average of 4,47,732 shares.


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