Economy
Government Launches Hindustan Copper OFS at ₹514 Per Share
Upstox5h
THE BRIEF
1
The Indian government initiated an offer for sale (OFS) for a 3% stake in Hindustan Copper Limited at a floor price of ₹514 per share, with an option to divest an additional 3% if oversubscribed.
2
The floor price represents a 10.38% discount on the company's closing share price of ₹574.15 on the BSE as of August 24, 2026.
3
Hindustan Copper reported a 162% year-on-year rise in consolidated net profit to ₹352 crore for the June quarter, supported by an 81% increase in revenue from core operations.