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Govt of India offers to divest 3% equity in HCL
The Government of India has offered to divest three percent equity in Hindustan Copper Limited (HCL) through an 'Offer For Sale' (OFS), with an option to divest an additional three percent (green shoe) in case of oversubscription. The OFS will open at a floor price of Rs 514 per share. Ten percent of the offer is reserved for retail investors with an additional 25,000 shares reserved for eligible employees. Anupam Misra is Chairman-cum-Managing Director of the company.
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