Hindustan Copper has informed that the SEBI has permitted the Company 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 under Clause 2 (vii) of the SEBI Circular CIR/CFD/CMD/14/2015 dated 30.11.2015 so as to achieve minimum level of public shareholding as required under Rule 19A of the Securities Contracts Regulation (Rules), 1957.
The above information is a part of company’s filings submitted to BSE.
