No stake sale for Goa Carbon, says Chairman

Goa Carbon at present is exploring its project in China and it is in talks with global aluminium majors for the same, added Dempo. He further added that if they go ahead with the project, it could cost around Rs 400-450 crore with an equity component for more than Rs 100 crore.

Below is the edited transcript of the interview on CNBC-TV18.

Q: Can you give us some sense in terms of this speculation that the company is in talks to sell certain amount of stake in Goa Carbon. Could you confirm, deny and what would the plans be around this news?

A: I would like to deny that we are in talks with any fund or any strategic buyer for a 20% stake. We would not like to comment on the market buying and selling but, we are not in talks with anyone at the moment.

Q: Is there any chance that you will be issuing fresh equity at all?

A: As we have said in the past, we are still exploring our China project. As and when we require funds for the China project, the game plan is that equity issue would be one of the options that we could look at.