Comments
The stock of Hindustan Copper may see action this week as an Empowered Group of Ministers (EGoM) is likely to take a final call on the proposed disinvestment soon. The panel is likely to fix a date for the auction or offer for sale to dilute 9.5 per cent stake. Currently, the Centre is holding 99.59 per cent stake in the company. The group will also determine the floor price for the one-day auction on the BSE and the NSE. Though the merchant bankers have made their suggestions regarding the floor price, the Government will take a final call on the pricing. The stock on Friday closed at Rs 250.30. It touched 52-week high of Rs 320 and Rs 146.25 on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.