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Government to sell 5% of stake in Hindustan Copper through offer for sale

16 Sep 2021 Evaluate

The government has planned to sell 5 per cent of its stake in state-owned Hindustan Copper through an offer for sale (OFS) this week. The government will sell 48,351,201 equity shares representing 5 per cent of the total issued and paid up equity share capital of the company.

Hindustan Copper’s principal activities include mining of copper ore, concentration of copper ore into copper concentrate through a beneficiation process and also smelting, refining and extruding of the copper concentrate into refined copper in downstream saleable products.

Peers
Company Name CMP
Hindalco Industries 938.80
Vedanta 253.40
Hindustan Zinc 559.20
Jain Resource Recycl 288.25
CMR Green Tech 223.90
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