Board of Hindustan Copper to consider fund raising via QIP issue

On 29 October 2020

Oct 22, 2020 09:10 IST capital market

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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