India, Aug. 25 -- The Government will sell up to 6 per cent stake in Hindustan Copper Ltd (HCL) through an offer for sale (OFS) at a floor price of Rs 514 a share. The floor price is at a 10.38 per cent discount over Monday's closing share price of Hindustan Copper on the BSE.

In a post on X, Department of Investment and Public Asset Management (DIPAM) secretary Arunish Chawla said the Government of India offers to divest 3 per cent equity in Hindustan Copper Limited (HCL) through an Offer for Sale (OFS), with an option to divest an additional 3 per cent (green shoe) in case of oversubscription.

The OFS will open at a floor price of Rs 514 per share.

Shares of Hind Copper settled at Rs 573.55, up 0.17 per cent, on the BSE on Monday.

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