Board of Hindustan Copper to consider fund raising via QIP issue

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.

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