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Business

Govt raises `3,000 crore with 6% stake sale in Hindustan Copper

hellohimachalse@gmail.com 27 Aug 2026 27 Aug 2026

New Delhi: The government has raised close to Rs 3,000 crore from the sale of a 6 per cent stake in public sector major Hindustan Copper, with the offer closing on Wednesday.

The Offer for Sale (OFS) of Hindustan Copper Ltd closed successfully on Wednesday, with the issue receiving a strong response from retail investors, the Secretary, Department of Investment and Public Asset Management (DIPAM), Arunish Chawla said in a post on X.

“The issue was oversubscribed on both days, and the Government decided to exercise its entire greenshoe option. We thank all investors for their participation and reposing their faith in us,” he said.

The retail portion of the OFS opened for bidding on Wednesday, a day after the non-retail portion received a strong response.

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