Hindustan Construction Company (HCC), the infrastructure firm is aiming to raise Rs 1,000 crore through issuing securities.

HCC has announced in a regulatory filing that its Annual General Meeting will be held on July 14.

The shareholders nod would be taken during the AGM for raising Rs 1,000 crore.

It has further said that shareholders through special resolution would “enable the board to create, issue, offer and allot Equity Shares, GDRs, ADRs, Foreign Currency Convertible Bonds, Convertible Debentures and such other securities… at such price as may be deemed appropriate by the Board at its absolute discretion.”

The resolution enables the “board to issue securities for an aggregate amount not exceeding Rs 1,000 crore or its equivalent in any foreign currency.”

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