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    HomeNewsBusinessIPOHind Copper FPO unlikely this fiscal: Sources

    Hind Copper FPO unlikely this fiscal: Sources

    The follow-on public offer of Hindustan Copper is unlikely to happen this fiscal year, reports CNBC-TV18 quoting sources from the finance ministry. This information comes at a time when the Empowered Group of Ministers (EGoM) met the finance minister to discuss the issue.

    January 07, 2011 / 11:08 IST
       
       
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      The follow-on public offer of Hindustan Copper is unlikely to happen this fiscal year, reports CNBC-TV18 quoting sources from the finance ministry. This information comes at a time when the Empowered Group of Ministers (EGoM) met the finance minister to discuss the issue.

      The FPO consists of 10% fresh issue of shares and 10% divestment proposed by government. Price band of the FPO is likely to be at Rs 100-110 per share.

      first published: Jan 6, 2011 09:45 pm

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