Hindustan Copper stock drops following government stake sale at 10% discount
On Tuesday, Hindustan Copper shares saw a decline of nearly 7% following the government's announcement of an offer-for-sale to offload a stake of up to 6% in the public sector firm. The floor price for the sale was fixed at ₹514 per share, representing a 10% reduction from the stock's last closing price of ₹573.55. The government plans to start by selling a 3% stake, with the possibility of an additional 3% through a green shoe option.
by shortkt.com✓