Monday, February 11, 2013

Haldia Petrochem board rejects conversion of loan into equity

The management of Haldia Petrochemicals Ltd (HPL), led by the West Bengal government, has rejected lenders’ demand for conversion of a part of their Rs.4,000 crore loans to the company into equity. Thhe state expects to conclude the sale of its 40% stake in the firm by 30 June.




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