Hindustan Copper’s board is all set to consider a proposal to raise up to Rs 500 crore by issuing debentures. A meeting of the board of directors of the company will be held on June 30, 2022 to inter alia, consider and recommend resolutions seeking approval of the shareholders of the company to authorise the board of directors to offer, issue and allot secured or unsecured non-convertible debentures or bonds on a private placement basis up to Rs 500 crore. The board will also consider raising funds through a qualified institutional placement method.
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.
