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Tuesday, January 30, 2001
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India's
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Jindals in fray to acquire 26% stake in HZL
PRESS TRUST OF INDIA
New Delhi, Jan 29: Capital goods major, Jindal group has entered the fray for acquiring 26 per cent stake in Hindustan Zinc Ltd (HZL) slated for privatisation next fiscal. The BC Jindal group is learnt to have filed an Expression of Interest (EoI) for acquiring stake in HZL according to official sources.The last date for filing EoI was January 15. Centre had earlier decided to dilute its stake in HZL from the present 76 per cent to 49 per cent through a strategic sale. It has mandated international banking major Banque Nationale De Paris-Paribas to act as global advisors for the divestment process. Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.
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Copyright 2001: Indian Express Newspaper(Bombay) Ltd. All rights reserved throughout the
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