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Commodities

India Sells 3% Stake in Hindustan Copper at Discounted Price

Guavy AI Editorial Team
Instruments
Copper
Share

The Government of India is set to sell a 3% stake in Hindustan Copper Ltd through an Offer for Sale (OFS), offering a green-shoe option to sell an additional 3% in case of oversubscription.

The OFS will have a floor price of ₹514 per share, which represents a 9.5% discount to the company's Monday closing price of ₹567.90.

Retail investors will be entitled to 10% of the offer, while an additional 25,000 shares have been reserved for eligible employees.

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