The government reduces its stake in Hindustan Copper through the offer for sale (OFS) mechanism, exercising a green shoe option to sell an additional 3% of shares. The move comes after the initial tranche receives strong institutional demand.
In an OFS, a green shoe option allows the seller to increase the number of shares sold if demand exceeds expectations. NDTV reports that the government exercises the full option, trimming more of its holding than initially planned. The coverage focuses on the demand conditions and the use of the green shoe to scale the sale.
Across the available reports, the central points are consistent: the transaction is conducted under Hindustan Copper’s OFS, the government sells an additional 3% stake using the green shoe, and institutional participation is described as a key factor prompting the decision. Details on pricing or the final buyer split are not specified in the shared source text.
