Sale25 Aug 2026, 06:12 pm
Hindustan Copper: Promoter Sells 6% Stake via Offer for Sale
AI Summary
Hindustan Copper Ltd announced that its promoter, The President of India (Ministry of Mines), will sell up to 6.00% of the company's equity share capital through an Offer for Sale (OFS). The total offer size will be up to 5,80,21,442 equity shares. The sale will occur on August 25, 2026, for non-retail investors and on August 26, 2026, for retail investors and employees. Additionally, 25,000 shares will be offered to eligible employees. This divestment aims to reduce the government's stake in the public sector undertaking.
Key Highlights
- Promoter to sell up to 6% stake in Hindustan Copper.
- Total offer size is 5,80,21,442 equity shares.
- Sale dates: Aug 25 (non-retail) & Aug 26 (retail/employees).
- Includes an additional offer for 25,000 shares to employees.
- This is a promoter divestment through the stock exchange mechanism.
Price Impact
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