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Hindustan Copper shares fall 6% as govt opens OFS at 10% discount
The government has announced its intention to divest a 3% holding in Hindustan Copper through an offer for sale, commencing for non-retail investors on August 25, with retail options shortly thereafter. The share floor price is pegged at Rs 514, below the closing value. If the offer is met with high demand, an extra 3% may be available.
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m.economictimes.com
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…
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thehindubusinessline.com
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.
