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Govt to divest stake in HOCL

January 20, 2003 13:11 IST

Hindustan Organic Chemicals Ltd has informed BSE that the Ministry of Disinvestment is in the process of considering the proposal for divestment of equity shares of about 32.61% held by the government in HOCL.

HOCL has received a communication from the government that the cabinet committee on disinvestment has approved a proposal for financial restructuring of HOCL.

BSE Code: 500449