Govt to Sell up to 6% Stake in Hindustan Copper via OFS; Floor Price at 10% Discount

India to sell up to 6% stake in Hindustan Copper via OFS

Centre to sell up to 6% stake in Hindustan Copper

In the concluded financial year FY 2025-26, the company has earned a Profit Before Tax (PBT) of ₹1232.73 Crore against a Net Sales turnover of ₹3054.4 Crore.

Government Offers 3% Stake in Hindustan Copper Through OFS, Floor Price at Rs 514/share

Get latest articles and stories on Business at LatestLY. The Government of India has proposed to sell a 3 per cent stake in Hindustan Copper Limited (HCL) through an Offer for Sale (OFS), with the possibility of increasing the sale by another 3 per cent if the issue is oversubscribed, according to a social media post by the DIPAM Secretary. Business News | Government Offers 3% Stake in Hindustan Copper Through OFS, Floor Price at Rs 514/share.

Hindustan Copper OFS: Government to sell up to 6% stake at ₹514 per share, 10% below market price

The Indian government plans to sell up to 6% stake in Hindustan Copper through an OFS, with a floor price of ₹514 per share, reflecting a 10.45% discount. The stock has risen 17% in August due to increased global copper prices and supply concerns.

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.

Govt launches Hindustan Copper OFS, to sell up to 6% stake at Rs 514/share

The government will initially offer 3% equity in Hindustan Copper, with an additional 3% green shoe option available in case of oversubscription.