About 5.58% of the Total Paid up Share Capital of HCL Stands Divested through today’s issue; Approximate Gross Receipts from the issue is RS. 800 Crores

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..... About 5.58% of the Total Paid up Share Capital of HCL Stands Divested through today’s issue; Approximate Gross Receipts from the issue is RS. 800 Crores
News and Press Release
Dated:- 24-11-201 .....

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Press Information Bureau Government of India Ministry of Finance 23-November-2012 19:35 IST The Cabinet Committee on Economic Affairs (CCEA), in its meeting held on 14.9.2012, had approve .....

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..... d disinvestment of 9.59% paid up equity capital of Hindustan Copper Limited (HCL) through the Offer for Sale through Stock Exchange mechanism (OFS). The issue was held on 23.11.2012. A minimum of 4% .....

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..... of the paid up equity shares (3,70,08,720 shares) was offered for sale with an option to sell an additional 5.59% (ie.5,17,14,580 shares) paid up equity shares of the company. The floor price was fixe .....

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..... d by the Empowered Group of Ministers (EGoM) at Rs.155 per share. A total bid for 5,16,11,858 shares were received. It has been decided to accept the entire number of shares bid for at or above the f .....

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..... loor price. Thus, approximately 5.58% of the total paid up share capital of HCL stands divested through this issue. The approximate gross receipts from the issue is Rs. 800 crores. ******** DSM/RS/K .....

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News - Press release - PIB .....

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