Hindustan Copper Shares Slump 4% On OFS

Shares in Hindustan Copper slumped 4 per cent after the government made an offer for sale at a floor price of Rs 62 per share.

The government was selling 6.47 crore Hindustan Copper shares via offer for sale (OFS) on September 29-30. The Floor price for OFS was set at Rs 62/share.

Hindustan Copper is a government owned company and has the distinction of being India's only vertically integrated copper producing company encompassing mining, beneficiation, smelting, refining and casting of refined copper metal.

Shares of Hindustan Copper were last trading at Rs 62.65 on the NSE.

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