Disinvestment of 4.01% Government of India Shareholding in HCL through OFS Method; Approximate Gross Receipts would be Rs. 260 Crore.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Disinvestment of 4.01% Government of India Shareholding in HCL through OFS Method; Approximate Gross Receipts would be Rs. 260 Crore. - News and Press Release Dated:- 3-7-2013 - News - The Cabinet C .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ommittee on Economic Affairs (CCEA), in its meeting held on 14.9.2012, had approved disinvestment of 9.59% paid up equity capital of Hindustan Copper Limited (HCL) through the Offer for Sale through S .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tock Exchange mechanism (OFS). The second tranche for sale of 4.01% of the share of HCL through the Offer for Sale (OFS) route was held today, i.e. 3rd July 2013. As against a total number of 3, 7 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 1,19,152 shares on offer, a total demand of 4,38,09,524 shares were received (BSE+NSE) above the floor price of Rs. 70. The issue was subscribed 1.18 times. The approximate gross receipts on allotment .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... would be Rs. 260 crore. With this disinvestment of 4.01% of its shares, HCL would now have a non promoter shareholding of 10% thereby making it compliant with the SEBI listing requirement. DSM/R .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... S/ka (Release ID :97005) - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X