The five-nation international roadshow for the proposed Rs 4,000-crore FPO of Hindustan Copper Ltd (HCL) will begin next week, a top company official said.
HCL Chairman and Managing Director Shakeel Ahmed told PTI that the roadshow starting next week would take place in the US, UK, Australia, Hong Kong and Singapore.
The pre-issue roadshow was held in the UK, Singapore, Australia, Hong Kong and Mumbai.The follow-on public offer (FPO) is scheduled to open on December 6 and close on December 9.
Asked about the company's plan on anchor investor, Ahmed said it would be decided a week before the issue opens.
In the 20 per cent equity share sale, the government is offloading 10 per cent of its stake while the company would issue fresh equity in the same proportion. HCL's 0.41 per cent stake is already with the public.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app