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Hindustan Copper OFS Oversubscribed; Govt Sells 6% Stake

Guavy AI Editorial Team
Instruments
Copper
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The Indian government's stake sale in Hindustan Copper has seen significant institutional interest, with the offer oversubscribed by 3.41 times.

Due to this strong demand, the government will exercise its full green-shoe option to sell a 6% stake in total, rather than the initial 3% plan.

The Offer for Sale (OFS) was set with a floor price of ₹514 per share, which is roughly 10.4% lower than the stock's closing price of ₹574.15 on Monday.

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