Hindustan Copper Limited Stake Sale

Hindustan Copper Limited is a vertically integrated company in the mining and metal sector, under Ministry of Mines.

Government of India is the major stake holder in said CPSE, owning 89.95% of paid up equity.

Government offered 6,47,65,260 shares ( comprising 7% of total paid up equity ) to public through OFS route, at floor price of Rs 62 per share of face value Rs 5/-.

20% of the offer size, i.e. 1,29,53,052 shares were reserved for retail category.

The trading took place on NSE as well as BSE on 29.9.2015 and 30.9.2015 for the non-retail and retail category respectively.

The non retail category got oversubscribed with 1.56 times.

The issue has been fully subscribed and Government will get approximately Rs 400 crore from this disinvestment.