India Miner Hindustan Copper Files Prospectus to Sell 183.9 Million Shares

Sep 27(Bloomberg) --Hindustan Copper Ltd., India’s largest miner of the ore, filed a prospectus with the market regulator to sell 183.9 million shares, according to an e-mailed statement from the company.

The company and the Indian government will sell 92.5 million shares each. About 1 million shares will be reserved for eligible employees, the statement said.

Institutional buyers will be able to buy up to 50 percent of the shares in the sale, which will be conducted through a book-building process, the statement said.

ICICI Securities Ltd., Enam Securities Private Ltd., Kotak Mahindra Capital Co., SBI Capital Markets Ltd. and UBS Securities India Private Ltd. will manage the sale.