Govt to offload 4% stake in Hind Copper on Friday
This will be the first stake sale in any PSU in the current fiscal. The government had earlier planned to offload 9.59% out of its 99.59% equity in Hindustan Copper. However, it has now decided to offload the copper major in two tranches. “We don’t want to flood the market with extra liquidity, so we are divesting stakes in two tranches,” Khan said, adding that the floor price for the issue would be decided after the close of the equity market tomorrow.
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