Government To Sell Up To 6 Per Cent Stake In Hindustan Copper At ₹514 Per Share Through OFS

New Delhi, August 24, 2026: The Indian government intends to sell a portion of its shares in Hindustan Copper Ltd (HCL) via an offer for sale (OFS), with the potential to divest up to 6 percent of its stake. The initial offer will be conducted at a minimum price of Rs 514 per share, representing a 10.38 percent discount from Hindustan Copper's closing share price on the Bombay Stock Exchange (BSE) on Monday.

According to a post on X by Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla, the government aims to divest 3 percent equity in HCL through the OFS, with the option to divest an additional 3 percent (green shoe) if the offering is oversubscribed. The OFS will commence at the aforementioned floor price of Rs 514 per share.

On the BSE on Monday, Hindustan Copper shares closed at Rs 573.55, marking a 0.17 percent increase. In addition to the retail investors, 10 percent of the offer has been reserved for eligible employees, with an additional 25,000 shares set aside for this purpose. To date, the government has raised Rs 52,716 crore through disinvestments of public sector undertakings (PSUs) during the current fiscal year.