Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
 | 
Last updated 21 minutes ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
HOME LOCAL MIDEAST ASIA WORLD BUSINESS SPORT OPINION WRITERS
Hindustan Copper to sell off 4.01% stake
July 04, 2013
 Print    Send to Friend

KOLKATA: State-run Hindustan Copper Limited (HCL) hit the markets on Wednesday with offers to sell off 4.01 per cent stake of the company.

“The promoter (government) proposed to sell 37,119,152 equity shares of the face value of Rs5 each aggregating approximately 4.01 per cent of the paid-up equity shares capital of the company (HCL),” according to a filing to the Bombay Stock Exchange. The government holds 94.01 per cent stake in the Kolkata-headquartered firm. The stake sale would make the firm compliant to the minimum 10 per cent public holding norm of the capital market regulator SEBI.

HCL will be the second public sector company to hit the markets in the current financial year.

Indo-Asian News Service

Add this page to your favorite Social Bookmarking websites
Comments
 
Post a comment
 
Name:
Country:
City:
Email:
Comment:
 
    
    
Related Stories
Manama to host OIFC Diaspora Engagement Meet
NEW DELHI/MANAMA: The Overseas Indian Facilitation Centre (OIFC), a public private partnership between the Ministry of Overseas Indian Affairs and Confederation of Indian..
Maharashtra set to become global auto-hub
MUMBAI: Maharashtra is on way to become the global auto-hub with four companies investing Rs11,510 crore in Pune, officials said on Friday. The state government has si..
Reliance Comm ready with mobile banking services
NEW DELHI: Reliance Communications is ready with its mobile banking services to enable banking transactions for its customers irrespective of mobile handset, make or regi..
Tatas to make aerostructures for Pilatus PC-12 aircraft
HYDERABAD: Switzerland-based Pilatus Aircraft Limited and India’s Tata Advanced Systems Limited (TASL) have signed an agreement for manufacture and supply of Pilatus PC-1..
IFC launches $2.5b rupee-denominated bonds
NEW DELHI: The World Bank’s private-sector financing arm on Wednesday launched $2.5 billion, rupee-denominated, bonds in the Indian market to fund infrastructure projects..
 
FRONTPAGE
 
GALLERY
 
PANORAMA
 
TIME OUT
 
SPORT
 
 
Advertise | Copyright