Government has disinvested 6.83 percent of paid up equity in Hindustan Copper Limited through Offer for Sale. Government is likely to get approximately 400 crore rupees from this disinvestment. The trading took place on Wednesday and Thursday.
The floor price was fixed at 64.75 rupees per share and retail investors were offered discount of 5 percent on the cut off price for the Non-Retail Category. The retail portion of HCL got good response from the retail investors and the revised offer size of 1.26 crore shares also got fully subscribed. The initial offer was for disinvestment of 4 percent paid-up capital