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Centre plans to sell 10 percent stake in Hindustan Copper via OFS

Thursday, 16 Sep 2021
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The Central government will sell up to 10 percent of its equity holding in Hindustan Copper through offer for sale (OFS) and fixed the floor price of Rs 116.

At this price, the government can garner over Rs 1,100 crore.

The government plans to sell over 4.84 crore shares with an option to sell additional equal number of shares. Post the issue, the government holding will come down to 62.76 percent.
 
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