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HCC Board approves S4A scheme & Rs 2,100 crore BG for collection of arbitral awards
Infrastructure major Hindustan Construction Company (HCC) Friday approved 24.44 per cent equity to lenders through the issuance of Equity shares as well as Optionally Convertible Debentures (OCDs) under RBI's S4A scheme. The HCC Board also decided to convene an Extraordinary General Meeting of the Company on January 5, 2017 for seeking shareholders' approval for the aforesaid matter. HCC is the first company to get its debt restructured under the S4A scheme.
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