Friday 14 September 2012

Disinvestment of 9.59 Percent Equity in Hindustan Copper Limited

New Delhi:The Cabinet Committee on Economic Affairs has approved the disinvestment of 9.59 percent equity of Hindustan Copper Limited (HCL), out of the Government of India’s holding of 99.59 percent, through an Offer for Sale of Shares through Stock Exchanges as per SEBI Rules and Regulations. After this disinvestment the Government of India’s shareholding in the company would come down to 90 percent.
The paid up equity capital of the company, as on 31st March, 2012 is Rs. 462.61 crore. The Government of India holds 99.59 percent of the paid up capital in HCL. HCL is a listed Central Public Sector Enterprise. 
Hindustan Copper Limited (HCL) is a Public Sector Enterprise under the administrative control of the Ministry of Mines. It is engaged in mining of copper ore, beneficiation, smelting and refining and downstream products. 

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