Hindustan Copper has announced that it might look at the QIP route to issue fresh equity. Speaking to CNBC-TV18, CMD of the company, Shakeel Ahmed said that delaying the FPO has opened up new options to raise funds for the company.
"Improved financials of the company has ensured enough cash-flow to fund expansion plans till end of FY13," he said. "Therefore, we would be requiring funds only in FY14, which gives us enough time to explore other options,Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
