State-owned Hindustan Copper Ltd today said it has got shareholders nod to raise up to Rs 800 crore through private placement of debt instruments.
The shareholders have passed a resolution
The panel of ministers on disinvestment today cleared 4. 01 per cent stake sale in Hindustan Copper and the issue will hit markets tomorrow
The panel of ministers on disinvestment will meet on Tuesday to decide on the base price for 4. 01 per cent stake sale of Hindustan Copper (HCL) and the issue
The government's 4 per cent stake sale in Hindustan Copper was today over-subscribed, marking the start of ambitious Rs 30,000-crore disinvestment programme that is crucial for meeting the fiscal deficit
Shares in state-run Hindustan Copper Ltd fell as much as 18. 6 per cent on Friday after the government set the base price for its 4 per cent stake sale
The Indian government will sell a 4 percent stake in state-run Hindustan Copper Ltd through an auction of shares on Friday, the official in charge of the government's divestment programme
State-owned Hindustan Copper is planning to raise $ 250 million (Rs 1,250 crore) in the current quarter through overseas borrowings to part-finance its expansion activities.
"We are looking to raise
Shares in state-run companies MMTC, Hindustan Copper and Dredging Corp of India surged 8-11 percent on hopes the government would initiate stake sales in these companies.
Those expectations come state-run
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William D. Green
Chairman & CEO, Accenture