Hubtown scraps share issue, lists new equity from debenture conversion

Hubtown Limited has withdrawn its proposed preferential issue of up to 14,680,249 equity shares, initially intended for private investors. This decision, announced on December 10, 2025, follows proposed investors' unwillingness to participate due to current market conditions, uncertainties, and volatility. The company had previously received in-principle approval from BSE and NSE for the preferential issue.

Despite the withdrawal, Hubtown stated that this action will not materially impact its business operations or financial stability, and it may explore alternative capital-raising avenues. Concurrently, Hubtown received trading approval from both BSE and NSE for 250,000 equity shares, each valued at INR 10 and issued at a premium of INR 190. These shares were allotted to non-promoters on a preferential basis following the conversion of compulsorily and mandatorily convertible debentures.

The newly listed equity shares will commence trading on the Exchanges from December 11, 2025.