Corporate Action24 Aug 2026, 08:13 pm
Hindustan Copper: Promoter to Sell 6% Stake via OFS
AI Summary
Hindustan Copper's promoter, the President of India (Ministry of Mines), plans to sell up to 6% of the company's equity shares through an Offer for Sale (OFS) on August 25-26, 2026. The base offer size is 3% (2,90,10,721 shares), with an option to sell an additional 3% (2,90,10,721 shares). Additionally, 25,000 shares may be offered to employees. This OFS is being conducted as per SEBI's master circular on Offer for Sale and is permissible for companies with a market capitalization above INR 1,000 Crores.
Key Highlights
- Promoter (President of India) to divest up to 6% stake.
- Offer for Sale (OFS) scheduled for August 25-26, 2026.
- Base offer size is 3%, with an oversubscription option for another 3%.
- 25,000 shares reserved for employee stock option.
- Transaction to be conducted via stock exchange mechanism.
Price Impact
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