Hindustan Copper Ltd approves QIP for Rs. 1400 crores

Hindustan Copper Ltd approves QIP for Rs. 1400 croresThe Board of Directors of Hindustan Copper Ltd in its meeting held today has considered and recommended for seeking members approval for raising funds through issue of equity shares by Qualified Institutional Placement (QIP) method for an amount not exceeding Rs. 1,400 crore or USD 217 million, whichever is higher.

Shares of HINDUSTAN COPPER LTD. was last trading in BSE at Rs.85.05 as compared to the previous close of Rs. 85.25. The total number of shares traded during the day was 591323 in over 2309 trades.

The stock hit an intraday high of Rs. 86.8 and intraday low of 83.2. The net turnover during the day was Rs. 50462521.

Source : Equity Bulls

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