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Hindustan Copper gets SEBI’s nod to raise funds

18 Dec 2017 Evaluate

Hindustan Copper (HCL) has received Securities and Exchange Board of India’s (SEBI’s) approval to raise capital by issue of equity shares to the extent of 10% of the present paid up equity capital of the company by utilizing QIP as a method on December 15, 2017.

Hindustan Copper’s principal activities include mining of copper ore, concentration of copper ore into copper concentrate through a beneficiation process and also smelting, refining and extruding of the copper concentrate into refined copper in downstream saleable products.


Peers
Company Name CMP
Hindalco Industries 860.50
Vedanta 226.00
Hindustan Zinc 497.00
Jain Resource Recycl 289.30
CMR Green Tech 196.00
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