business π Govt ramps up stake sale in Hindustan Copper
Hindustan Copper shares dropped sharply after the government initiated its Offer for Sale (OFS) program. The government, via DIPAM, decided to exercise the full green shoe option in the OFS process, which was launched on Tuesday. The institutional portion of the issue was oversubscribed 3.41 times on Day One, prompting this decision. This extra 3% stake sale comes despite negative investor reactions to the government reducing its holding in the copper producer. Retail investors and employees can now bid on Wednesday, August 26, 2026. π