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Tuesday, Jan 13, 2004

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Industry & Economy - Disinvestment


EoIs invited for for 74 pc stake of Hindustan Paper

Our Bureau

New Delhi , Jan. 12

THE Disinvestment Ministry on Monday invited expressions of interest (EoI) from potential buyers for the Government's 74 per cent stake in the un-listed State-owned Hindustan Paper Corporation.

After the proposed disinvestment, the Government's holding in the company will come down to 26 per cent.

Interested buyers have been asked to submit their EoIs by March 15, the Disinvestment Ministry said.

Hindustan Paper Corporation, with installed capacity of 2,00,000 tonne a year, is one of the largest paper manufacturers in the country.

The company's plants are located in Assam.

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