Hindustan Copper stake sale

Govt plans 6% Hindustan Copper stake sale via OFS

Hindustan Copper Shares Fall 6% As Govt Announces 6% Stake Sale Via OFS At 10% Discount

Hindustan Copper shares fall 3%, multibagger stock drops 6% in 3 days as OFS concludes. What lies ahead?

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.The OFS opened for non-retail investor