Hindustan Copper Ltd to consider QIP, private placement of NCDs

A meeting of the Board of Directors of Hindustan Copper Ltd will be held on 30th June, 2022 to, consider and recommend resolutions seeking approval of the shareholders of the Company to authorize the Board of Directors to raise funds by issue of equity shares through Qualified Institutional Placement method to the extent of 9,69,76,680 equity shares of face value of Rs.5/- each of the Company in one or more tranches and to offer, issue and allot secured or unsecured non-convertible debentures or bonds on private placement basis up to Rs.500 crore.

Shares of Hindustan Copper Limited was last trading in BSE at Rs. 85.35 as compared to the previous close of Rs. 85.25. The total number of shares traded during the day was 361313 in over 2792 trades.

The stock hit an intraday high of Rs. 87.15 and intraday low of 84.40. The net turnover during the day was Rs. 31092909.00.

Source : Equity Bulls

Keywords

HindustanCopper INE531E01026 FundRaising QIP NCDs