New Delhi, Aug. 26 -- The Offer for Sale (OFS) of Hindustan Copper Ltd closed successfully on Wednesday with retail investors giving an enthusiastic response to the issue, according to a social media post by the Department of Investment and Public Asset Management (DIPAM) Secretary.

The Government has decided to exercise its entire greenshoe option after the OFS was oversubscribed on both days of the offer. The DIPAM Secretary thanked investors for their participation and for reposing their faith in the Government.

The latest development follows a strong response from institutional investors on the first day of the OFS. On Tuesday, the DIPAM Secretary had said that the institutional portion of the offer was oversubscribed 3.41 times on ...