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

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

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....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....

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....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, 71,....

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....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 w....

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....ould 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/RS/ka ....

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.... (Release ID :97005)<BR> News - Press release - PIB....