India to Sell 6 Percent Stake in Hindustan Copper
The Indian government plans to sell up to a 6 percent stake in Hindustan Copper through an offer for sale. The floor price has been established at 514 rupees per share following Monday's market close.
Insights:
India will sell a 6% stake in Hindustan Copper through an offer for sale, setting the floor price at 514 rupees per share. The divestment brings state-run share reduction plans forward as part of broader capital-raising targets. Hindustan Copper shares settled at 574.15 rupees on Monday.
