TaxTMI 
TaxTMI 
Government disinvests 6.83% of equity in Hindustan Copper Limited: Likely to raise 400 crore from this Offer for Sale (OFS).
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....overnment disinvests 6.83% of equity in Hindustan Copper Limited: Likely to raise 400 crore from this Offer for Sale (OFS). <br>News and Press Release<br>Dated:- 4-8-2017<br><BR>The Government of Indi....
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....a has disinvested 6.83% of paid up equity in Hindustan Copper Limited through Offer for Sale (OFS). The Government is likely to get approximately ₹ 400 crore from this disinvestment. The trading....
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.... took place on 2nd and 3rd August 2017. The floor price was fixed at ₹ 64.75 per share (Face value ₹ 5/- each) and retail investors were offered discount of 5% on the cut off price for the....
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.... Non-Retail Category. The initial offer was for disinvestment of 4% paid-up capital, with an option to retain over-subscription up-to 4%. The trading for Non Retail portion opened on 2nd August, 201....
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....7. Against an offer size of 2.96 crore shares for the Non Retail Category, bids were received for 5.05 crore shares, resulting in over subscription by 1.71 times. As a result, the Government revised t....
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....he total offer size to 6.83% of the paid-up capital. The retail portion of HCL OFS also got good response from the retail investors and the revised offer size of 1.26 crore shares also got fully sub....
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....scribed. Overall, HCL OFS got good response from the investors. This is the 4th CPSE OFS in the Current Financial Year 2017-18. The Government's shareholding in HCL after this OFS will come down to 7....
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....6.05%.<BR> News - Press release - PIB....