InvestorQ : Can you tell me about the OFS of Hindustan Copper planned by the government?
Tisha Malhotra made post

Can you tell me about the OFS of Hindustan Copper planned by the government?

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Aashna Tripathi answered.
2 months ago
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The government plans to sell 10% stake in Hindustan Copper via OFS route for Rs.1,170 crore. The base OFS will be for 5% stake sale of 4.83 crore shares in the company at a price of Rs.116 per share. This is approximately 7% lower than the CMP. However, the government has a Greenshoe option to retain an additional 5%, if demand is robust. The 10% stake sale will reduce the government stake in Hindustan Copper to 62.76%.

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