W.e.f. 11 March 2014
HMT announced that the company's revival and restructuring plans amounting to Rs 1083.48 crores has been approved as recommended by the CCEA, which envisages financial support, waivers from the GoI. The Government has issued formal sanction for non cash assistance in the form of conversion of Government of India loans into equity to the extent of Rs 443.74 crore for which the company has to issue equity share of equivalent amount to the GoI on the face value of Rs 10 per share.Powered by Capital Market - Live News