Centre plans to sell 10% stake in Hindustan Copper via OFS

Centre plans to sell 10% stake in Hindustan Copper via OFS

The Government will sell up to 10 per cent of its equity holding in Hindustan Copper through offer for sale (OFS) and fixed the floor price of ₹116. At this price, the Government can garner over ₹1,100 crore. The floor price is at around 7 per cent discount to today’s closing price of ₹124.50 on BSE. The OFS window is open for non-retail investors on Thursday and on Friday for retail investors.

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www.thehindubusinessline.com

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