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Wednesday, February 19, 2014

Epic Research Update : HMT

HMT’s revival & restructuring plan has been approved by the Government of India (GoI) which envisages financial support of Rs 1083.48 crore,  including cash infusion of Rs 425 crore against which the Company has to issue of 8% Redeemable Preferential Share Capital for the same amount. As per the phase I of the plan, the Government of India has released the sanctioned funds to the tune to Rs 217 crore.

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