Hindustan Construction Co on Friday said it has allotted 4.155 crore shares and 23.2 lakh optionally-convertible debentures to lenders, under a debt restructuring scheme. The company has allotted 1.586 crore shares to Axis Bank, 2.196 crore shares to Punjab National Bank and 37.3 lakh shares to Standard Chartered Bank. It also allotted 9.74 lakh convertible debentures to Axis Bank and 13.5 lakh CDs to PNB. This is in addition to the allotment by the company to 25 lenders on January 6. In total, the company has allotted 23.154 crore shares, representing 22.91 per cent of the expanded capital and 1.441 crore OCDs to 27 lenders under the debt recast scheme. Shares of HCC were down 2.1 per cent at ₹42.75 on the NSE.

Videocon Industries on Friday said its group company Quadrant Televentures , which holds a unified access service licence for the Punjab circle, has decided to discontinue operations from February 15 midnight. The licence of Quadrant Televentures is due to expire in September. Quadrant Televentures is not a holding company or a subsidiary or a joint venture of Videocon Industries. Neither does Videocon Industries hold any equity in the company. Hence, the discontinuation of its business operations will not have any bearing on the performance of Videocon Industries, it said in a notice to the stock exchanges. Shares of Videocon Industries slipped 0.35 per cent at ₹103.70 on the NSE, while BSE-listed Quadrant Televentures gained 0.63 per cent at ₹3.20 on the BSE.

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