New Delhi, Aug. 25 -- The government's Offer for Sale (OFS) in Hindustan Copper Limited received a strong response from institutional investors on Tuesday, with the issue getting oversubscribed 3.41 times on the first day of bidding.

Department of Investment and Public Asset Management (DIPAM) Secretary said in a social media post that the government has decided to exercise the entire green shoe option following the strong institutional demand.

"Hindustan Copper Ltd. Offer for Sale (OFS) received an enthusiastic response from the institutional investors and was oversubscribed 3.41 times on Day One. The Government has decided to exercise the entire green shoe option," the post said.

The OFS will now open for retail investors and employe...