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<h1>Government Approves Disinvestment of 9.59% in Hindustan Copper Limited, Raises Rs. 800 Crores via Offer for Sale.</h1> The Cabinet Committee on Economic Affairs approved the disinvestment of 9.59% of Hindustan Copper Limited's equity capital via an Offer for Sale through the stock exchange. On November 23, 2012, a minimum of 4% of the equity shares was offered, with an option for an additional 5.59%. The floor price was set at Rs. 155 per share. Bids for 5,16,11,858 shares were received, leading to the divestment of approximately 5.58% of the total paid-up share capital. The gross receipts from this issue amounted to approximately Rs. 800 crores.
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