Sunday, December 20, 2009

HINDUSTAN COPPER TO RAISE Rs.1700 CRORES.

Hindustan Copper, a Mini Ratna will come out with a follow on Public Offer of Rs.1700 crores as a part of raising Rs.3500 crores requirement for their expansion.

As the government has decided to divest 10% of its 99.59% in the Company,hence the offer.The disinvestment proceeds will go to the government.

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