Shares of Hindustan Copper dropped around 3% on Thursday, with the stock overall losing around 6% in three sessions as the government concluded its offer for sale in the metals major, which saw strong investor interest.
Hindustan Copper shares fell to Rs 541.20 apiece on Thursday. The company on Monday had announced that the government plans to sell a 3% equity stake in the company as part of the base offer, with an additional 3% available as a green shoe option. The floor price was fixed at Rs 514 apiece, taking the total OFS size to nearly Rs 2,982 crore.
