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HCC arm to dilute stake for raising funds

Saturday, 30 Jul 2011
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HCC Infrastructure is likely to offload 14.5 per cent stake in its wholly owned subsidiary, HCC Concessions, to global investment firm The Xander Group.
 
The company plans to raise around Rs 240 crore by the stake dilution. HCC Infra is a wholly owned subsidiary of HCC. HCC Concessions is currently working on six National Highways Authority of India concessions, including an annuity project and five toll roads worth Rs 5,500 crore
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