Govt Plans Fresh OFS In Hindustan Zinc, Hindustan Copper, MDL And IRCTC In FY27
The government is likely to initiate new Offer for Sale (OFS) transactions in four public sector undertakings during the current financial year as it continues its disinvestment programme. According to a report by Moneycontrol, the proposed stake sales could involve around 1.5% in Hindustan Zinc and approximately 5% each in Hindustan Copper, Mazagon Dock Shipbuilders (MDL) and IRCTC. Hindustan…
The Indian government anticipates initiating fresh Offer for Sale (OFS) transactions in four public sector companies during the fiscal year 2027. According to a report by Moneycontrol, the prospective stake sales might entail around 1.5% in Hindustan Zinc and roughly 5% each in Hindustan Copper, Mazagon Dock Shipbuilders (MDL) and Indian Railways Corporation Limited (IRCTC).
Hindustan Zinc and Hindustan Copper are anticipated to be the primary candidates for the stake-sale exercise. Merchant bankers have already been appointed for these transactions. The government's recent appointment of bankers for multiple companies suggests plans for a broader divestment round. The exact sequence of the OFS launches is yet to be determined.
The size of the proposed stake sales will differ across companies; while Hindustan Zinc's planned stake is smaller, at around 1.5%, the company's significant market capitalisation could still yield substantial proceeds.
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