Buoyed by the good result, the company said it will place its disinvestment plan before the Cabinet for approval within a fortnight.
“We will seek Cabinet approval in the next 15 days for a proposal to issue 18.4 crore shares of Rs 5 each. Then it will be referred to the Cabinet Committee on Economic Affairs,” said HCL Chairman and Managing Director Shakeel Ahmed.
Published 15 May 2010, 15:31 IST