Hindustan Construction Company (HCC), the infrastructure developer and engineering, procurement and construction (EPC) company, is looking to divest between 20% and 30% in its infrastructure subsidiary HCC Infrastructure Ltd (HIL).

The move is aimed at infusing liquidity into the parent, which requires over Rs1,000 crore to meet capital outflows this fiscal. The management is currently in discussions with domestic and foreign infrastructure funds for the dilution. A deal is expected in the next three months. The deal could be worth Rs300-500 crore.

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Posted by mopeng at June 11, 2010 9:54 PM