Presently government is holding 75% stake in the company, the rest being owned by the Himachal Pradesh Government, after the IPO the government 's shareholding in the miniratna PSU would come down to 65%.
The share is worth keeping an eye as the company has an authorised share capital of Rs 4500 crore plans to offer 310 million shares of Rs 10 face value each, to fetch over Rs 1200 crore from the capital market in its maiden public issue.
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