Government To Sell Up To 6 Per Cent Stake In Hindustan Copper At ₹514 Per Share Through OFS
The government will sell up to 6% of its stake in Hindustan Copper through an OFS at a floor price of Rs 514 per share. The base offer is 3%, with another 3% green-shoe option. Retail investors will get a 10% reservation, while 25,000 shares are reserved for eligible employees.
The Centre will offer up to 6% of its Hindustan Copper stake at a floor price of ₹514 per share | AI Generated Representational Image
New Delhi, August 24, 2026: The government will sell up to 6 per cent stake in Hindustan Copper Ltd (HCL) through an offer for sale (OFS) at a floor price of Rs 514 a share.
The floor price is at a 10.38 per cent discount over Monday's closing share price of Hindustan Copper on the BSE.
OFS Details
In a post on X, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said the Government of India offers to divest 3 per cent equity in Hindustan Copper Limited (HCL) through an Offer for Sale (OFS), with an option to divest an additional 3 per cent (green shoe) in case of oversubscription.
The OFS will open at a floor price of Rs 514 per share.
Shares of Hind Copper settled at Rs 573.55, up 0.17 per cent, on the BSE on Monday.
Also Watch:
ALSO READ
According to Chawla, 10 per cent of the offer is reserved for retail investors, with an additional 25,000 shares set aside for eligible employees.
So far in the current fiscal, the government has mopped up Rs 52,716 crore through PSU disinvestment.
(Disclaimer: Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)
RECENT STORIES
-
-
-
-
-