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Hindustan Motors Ltd plans to raise Indian rupee 1.5 Billion by diluting stake in Chennai plant - Business Standard


Tuesday, 7 Jan 2014 12:02am EST 

Hindustan Motors Ltd:Says it is planning to raise Indian rupee 1.5 billion by divesting stake in its Tiruvallur plant, near Chennai - Business Standard.Says it is looking to cut losses and one of the plans is to demerge the Chennai plant to a separate company - Hindustan Motor Finance Corporation Ltd. 

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7.85
0.15 +1.95%
26 Dec 2014