The OFS or offer for sale from Hindustan Copper was completed and the issue was oversubscribed 1.18 times. Bids received at the floor price have been considered for allotment which means that once again the OFS has been subscribed by LIC and PSU banks. What is the great idea of divestment if this is the […]
Posts Tagged ‘Hindustan Copper’
Hindustan Copper – OFS Floor Price fixed at Rs 70
July 4th, 2013
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Hindustan Copper (HCL) floor price has been fixed at Rs 70. The government would be selling 371.19 lac shares through the offer for sale on Wednesday the 3rd of July. Shares of HCL closed at Rs 72.65, down Rs 5.15 or 6.62%. The low of the day was Rs 65 which also happens to be […]
Hindustan Copper – Divestment a Disaster
November 28th, 2012
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Hindustan Copper Limited raised Rs 810 crs for the government and kick started the divestment for the financial year 2012-2013. There are about four months to go and the target an ambitious Rs 30,000 crs. The Divestment department expects us to believe that by offering a 41% discount to the closing price of the stock […]
