Gold Silver Reports (GSR) – Hindustan Copper Advances As Government To Pare Stake To 66.13% – Shares of the state-run copper producer rose as much as 2.9 percent to Rs 66.90 after Cabinet Committee on Economic Affairs today approved a fresh equity issue of 15 percent by Hindustan Copper Ltd. which will help the state-run company raise Rs 900.6 crore.
Hindustan Copper will issue 13.87 crore fresh equity shares, to the extent of 15 percent, which will bring down government stake in the PSU to 66.13 percent, an official statement said.
