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Hindustan Copper IPO Views - 16th Dec 2015

Metals | Published on Nov 22nd 2012

IT

Government of India is divesting 37,008,720 shares (4% stake) in Hindustan Copper Ltd. (HCL) with an option to sell an additional 51,714,580 shares. It has set a floor price of Rs155 for the issue. We recommend investors to AVOID subscribing to shares due to expensive valuation.

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