Govt of India to sell its  seven per cent stake in Hindustan Copper Limited

It has proposed to sell up an aggregate of 6,47,65,260 equity shares to non-retail and retail investors through a separate designated window of the BSE and NSE.

Admin
Published on: 30 Sep 2016 12:19 PM GMT
Govt of India to sell its  seven per cent stake in Hindustan Copper Limited
X

New Delhi: The Government of India has decided to divest seven per cent of its stake in the public sector company Hindustan Copper Limited .

It has proposed to sell up an aggregate of 6,47,65,260 equity shares to non-retail and retail investors through a separate designated window of the BSE and NSE.

Though the floor price of the share has been fixed at Rs 62 , the Retail investors will be offered shares at the Discounted price i.e. at a discount of 5 per cent to the Cut-off price in accordance with the SEBI OFS circular. The discounted price, which shall be the final allocation price to the Retail investors, may be below the floor price, the offer document says.

Admin

Admin

Next Story