Hindustan Copper Limited

Hindustan Copper Limited

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Hindustan Copper Ltd. (HCL)

PIB Press Release dated 15 June 2010- Disinvestment of 10% paid-up equity capital of Hindustan Copper Ltd. out of Government of India's shareholding along with issue of fresh equity of equal size by the company in the domestic market

The Cabinet Committee on Economic Affairs (CCEA) approved the proposal for disinvestment of 10% paid-up equity capital of Hindustan Copper Ltd. (HCL) out of Government of India’s shareholding along with issue of fresh equity of equal size by the company in the domestic market. The Disinvestment will be done in the following manner:

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Hindustan Copper Limited (HCL)

Disinvestment of 4.01% Government of India Shareholding in HCL through OFS Method;
Approximate Gross Receipts would be Rs. 260 Crore.

CCEA Decision

The Cabinet Committee on Economic Affairs (CCEA), in its meeting held on 14.9.2012, had approved disinvestment of 9.59% paid up equity capital of Hindustan Copper Limited (HCL) through the Offer for Sale through Stock Exchange mechanism (OFS).

The second tranche for sale of 4.01% of the share of HCL through the Offer for Sale (OFS) route was held today, i.e. 3rd July 2013.

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