Govt approves conversion of loan to HPL into equity
The government today approved the conversion of its Rs 128 crore loan to state-run Hindustan Prefab (HPL) into equity to help the company becoming a viable enterprise. "With this approval, the accumulated losses will be set off against equity, and the company is expected to emerge as a viable and profit-making Central Public Sector Enterprises in the coming years," Information and Broadcasting Minister Ambika Soni said after a Cabinet meeting here.Cash Payday Loans commented:
It\'s great to hear that the government today approved the conversion of its Rs 128 crore loan to state-run Hindustan Prefab (HPL) into equity to help the company becoming a viable enterprise.
10.10.2011
Quick Quid commented:
Such approval is a good decision in my eyes.It can change the market face I think.I hope good outcome will come out of this.
16.12.2011
Quick Quid commented:
This move of the government will help the country to turn it into the equity so they could get some financial boost.Its pretty supportive action taken by government.
04.01.2012
Payday Advance commented:
Ambika soni stated in a statement that governemnt had approved for converting loans to HPL into equity
24.02.2012
Multi Family Offices Asia commented:
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03.03.2012