Economy
Government Launches Hindustan Copper OFS at Rs 514 Per Share
Moneycontrol1h
THE BRIEF
1
The Indian government has launched an Offer for Sale (OFS) for Hindustan Copper, aiming to divest up to 6% of its stake in the company.
2
The floor price for the sale has been set at ₹514 per share, representing a 10% discount to the current market price to attract institutional and retail investors.
3
This divestment is part of the Centre's broader fiscal strategy to meet its annual disinvestment targets for the 2026-27 financial year.