The West Bengal government is keen on completing transfer of its shares in Haldia Petrochemicals Ltd (HPL), which is facing funds crunch, before March 31 next year, as per Press Trust of India.
One of the major promoters of HPL with around 39% equity, the state is keen to exit after evaluation of its shares. An auction would then be held and the highest price fetched would be offered to the other principal promoter, Purnendu Chatterjee's TCG, as first right of refusal.TCG owns around 36% stake in HPL.
19-Dec-12 
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