Hindustan Copper OFS Opens for Retail Investors at Discount

The government's Offer for Sale (OFS) for Hindustan Copper has opened for retail investors, with shares offered at a 10% discount to the market price.

Institutional buyers oversubscribed the issue 3.41 times on the first day, prompting the government to consider exercising the green shoe option.

Hindustan Copper shares gained over 2% following the announcement, as investors weigh the long-term value of the metals major against current market volatility.