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Informist, Monday, Aug. 24, 2026

 

--Divest secy: To divest up to 6% stake in Hindustan Copper via OFS

--Divest secy: Hindustan Copper OFS to have floor price of INR 514/share

 

NEW DELHI – The government will sell up to 6% stake in Hindustan Copper Ltd. through an offer for sale, Divestment Secretary Arunish Chawla said Monday. The government plans to sell 3% equity with an option to divest an additional 3% in case of oversubscription, he said in a tweet. 

 

The offer for sale will open at a floor price of INR 514 per share, a 10% discount from the stock's closing price of INR 574.15 on the National Stock Exchange Monday. Chawla said "10% of the offer is reserved for retail investors, with an additional 25,000 shares reserved for eligible employees".

 

The government holds 66.14% in Hindustan Copper. A 6% stake sale will lower its share to 60.14%. At the floor price, the government will earn INR 29.82 billion from the entire 6% stake sale.

 

So far, the government has collected INR 527.16 billion from divestment receipts in the financial year 2026-27 (Apr-Mar), more than triple the amount collected in the entirety of FY26. The government has collected more than INR 527 billion from disinvestment only twice before--INR 850 billion in FY19 and INR 1 trillion in FY18.

 

Including asset monetisation, the government has collected INR 590.83 billion as miscellaneous capital receipts so far in FY27, almost 74% of the full year's target of INR 800 billion. In FY26, it had collected INR 453.06 billion as miscellaneous capital receipts, beating the revised Budget estimate by INR 115 billion.

 

In the quarter ended June, Hindustan Copper reported a net profit of INR 3.5 billion, nearly three times the profit reported in the year-ago period, with its total income shooting up 81% to INR 9.54 billion.  End

 

Reported by Priyasmita Dutta

Edited by Rajeev Pai

 

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