Govt to sell up to 6% stake in Hindustan Copper via OFS; floor price at 10% discount
The government will sell a 3% stake in Hindustan Copper through an OFS at Rs 514 per share, with an option to divest another 3%. The sale offers a discount to market price amid strong quarterly earnings and expansion plans.
The Indian government plans to sell up to 6% stake in Hindustan Copper Ltd via an offer for sale (OFS), with a floor price 10% below the last closed price. The OFS will open on August 25, 2026, for non-retail investors, and retail investors can participate on August 26. Upon successful bids, shares will be settled and credited by August 27.
The government aims to increase public shareholding in the state-owned copper producer. Hindustan Copper reported significant profit growth and is expanding its operations, including mine expansion and reopening. The copper market is a key long-term investment theme due to technological advancements and sustainability efforts.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Govt plans 6% Hindustan Copper stake sale via OFS economictimes.indiatimes.com
