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Stock Report
Hindustan Copper's financial restructuring plan approved by Government
Posted On : 2007-08-14 10:08:58( TIMEZONE : IST )
Hindustan Copper Ltd has announced that Government have sanctioned financial restructuring proposal of the Company inter alia approving conversion of non-plan loan of Rs 50 crore into equity, waiver of 7.5% non-cumulative redeemable preference shares amounting to Rs 180.73 crore and reduction of face value of equity share from existing Rs 10/- to Rs 5/- per share.
The stock closed the day at Rs.138.95, up by Rs.6.60 or 4.99%. The total traded quantity was 3700 compared to 2 week average of 17880. The stock hit an intraday high of Rs.138.95 and low of Rs.138.95.
