7% stake of Government in Hindustan Copper Limited fully subscribed and Government to get approximately 400 crore from this disinvestment

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..... 7% stake of Government in Hindustan Copper Limited fully subscribed and Government to get approximately 400 crore from this disinvestment
News and Press Release
Dated:- 1-10-2016

Hindust .....

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..... an Copper Limited is a vertically integrated company in the mining and metal sector, under Ministry of Mines. Government of India is the major stake holder in said CPSE, owning 89.95% of paid up equit .....

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..... y. Government offered 6,47,65,260 shares ( comprising 7% of total paid up equity ) to public through OFS route, at floor price of ₹ 62 per share of face value ₹ 5/-. 20% of the offer size .....

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..... , i.e. 1,29,53,052 shares were reserved for retail category. The trading took place on NSE as well as BSE on 29.9.2015 and 30.9.2015 for the non-retail and retail category respectively. The non retai .....

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..... l category got oversubscribed with 1.56 times. The issue has been fully subscribed and Government will get approximately ₹ 400 crore from this disinvestment.
News - Press release - PIB .....

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