Board of Hindustan Copper to consider fund raising via QIP issue

Image
Capital Market
Last Updated : Oct 22 2020 | 10:16 AM IST

On 29 October 2020

The Board of Hindustan Copper will meet on 29 October 2020 to consider the overall borrowing limit of Rs. 2,500 crore for all types of borrowings / loans including bonds, and raising funds by issue of equity shares through Qualified Institutional Placement method to the extent of 15% of existing paid up equity capital in one or more tranches and Recommending to the Ministry of Mines to modify object clause of the QIP from expansion /capex plan to general corporate purpose including ongoing expansion /capex plan.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Oct 22 2020 | 9:54 AM IST

Next Story