Hindustan Copper to raise Rs548cr via QIP

State-owned Hindustan Copper on Thursday said it plans to raise around Rs548 crore through various financial routes.

A proposal in this regard will be taken up at the company's board meeting next week on May 19, 2023. In a regulatory filing, the company said its board will consider the “recommendation for seeking approval of shareholders to raise funds by issue of equity shares through qualified institutional placement method to the extent of 9,69,76,680 equity shares of face value of Rs5 each of the company in one or more tranches.”