India, Dec. 11 -- Hindustan Construction Company (HCC) announced a significant reduction in its exposure to debt (arising from Corporate Guarantee) issued in connection with loan facilities of Prolific Resolution (PRPL), an associate company.As part of its plan with lenders, HCC had transferred an aggregate debt of ~2.854 crore to PRPL along with ~6.508 crore of Awards & Claims, while retaining a 49% equity stake in the entity. The Company had also provided a corporate guarantee for 100% of the debt owed by PRPL to its lenders. With accrued interest, the total amount of PRPL debt along with Awards & Claims is currently ~3.935 crore and ~6.325 crore, respectively.Following formal approvals from PRPL Lenders, its Board and relevant stakeholde...