{
  "id": 3467465,
  "title": "10% discount for Hindustan Copper OFS turns 'stale'",
  "url": "https://urgent.news/2026/08/26/10-discount-for-hindustan-copper-ofs-turns-stale",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T01:56:51.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/hindustan-copper-ofs-opens-for-retail-investors-today-should-you-apply-in-the-metals-majors-offer/articleshow/133527323.cms"
  },
  "original_language": "en",
  "account": "The government of India announced a 3% equity stake sale in metals major Hindustan Copper on Monday, with an additional 3% available via the green shoe option. The floor price was set at Rs 514 per share, resulting in a nearly Rs 2,982 crore OFS size. The floor price translates to a discount of over 3% from the stock's previous closing price of Rs 531.40 per share on the NSE. Despite strong demand from non-retail investors, the issue is seeing a stale retail interest with the government reserving 10% for them. Analysts suggest that the 10% discount on opening day may not be sustainable, as the stock had a significant single-day plunge of over 7%, its worst in around five months.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Top News",
        "title": "Govt to sell up to 6% stake in Hindustan Copper via OFS; floor price at 10% discount",
        "url": "https://urgent.news/2026/08/24/govt-to-sell-up-to-6-stake-in-hindustan-copper-via-ofs-floor-price-at",
        "published": "2026-08-24T14:00:20.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}