Hindustan Construction share price jumps after SEBI observations on unit IPO

Hindustan Construction Company share price gains 11.5 pct.

Written by Reuters

November 11, 2014 10:29 IST

Securities and Exchange Board of India (SEBI) issued its final observations on the draft IPO documents of unit Lavasa Corp on Nov. 7.

HCC holds 65 pct stake in Lavasa Corp.

Lavasa had filed draft prospectus with the market regulator for an IPO of up to 7.5 billion rupees, HCC said in July.

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This article was first uploaded on November eleven, twenty fourteen, at twenty-nine minutes past ten in the morning.