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The Economic Times
The Economic Times
Business
Akash Podishetti

Govt to sell up to 6% stake in Hindustan Copper via OFS; floor price at 10% discount

Hindustan Copper OFS copper

The Union government will sell 3% equity in Hindustan Copper Ltd through an offer for sale, with an option to sell another 3% in case of oversubscription. The OFS will open at a floor price of Rs 514 per share. This is about 10% discount to the last closed price of Rs 573.55.

The OFS will open first for non-retail investors on Tuesday, August 25, 2026. Bidding for this category will start at 9:15 am and close at 3:30 pm on the same day. Allocation for regular bids is expected to be confirmed around 7 pm on August 25 through contract notes. Retail investors will be able to bid on Wednesday, August 26.

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