India Completes 6% Stake Sale in Hindustan Copper After Strong OFS Demand

Published: Aug 27, 2026 09:06

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The Indian government has completed the sale of a 6% stake in Hindustan Copper after the two-day OFS was oversubscribed. The government initially offered 3% but exercised the full additional 3% greenshoe option after institutional demand reached around 3.41 times the shares on offer on the first day. More than 58 million shares were offered at a floor price of ₹514 per share, while the government will remain the controlling shareholder after the transaction.

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