Hindustan Copper OFS: Government to Divest Up to 6% Stake

Hindustan Copper is set for an Offer for Sale (OFS) as the government plans to divest part of its stake in the company through the Department of Investment and Public Asset Management (DIPAM). Key Highlights • The government will divest 3% stake in Hindustan Copper through the OFS. • An additional 3% stake may be divested under the green-shoe option, taking the potential total divestment to 6%. • OFS floor price: ₹514 per share. • 10% of the OFS has been reserved for retail investors. • An additional 25,000 shares have been reserved for eligible employees. Why It Matters The OFS provides the government with an opportunity to reduce its holding in Hindustan Copper while offering investors access to shares at a floor price of ₹514 per share. If the green-shoe option is fully exercised, the government could divest up to 6% of its stake through the offering. The reservation for retail investors and eligible employees also provides dedicated participation in the OFS, while the floor price establishes the minimum price at which the shares will be offered.