text: Govt to offload 4% stake in Hind Copper on Friday
  Press Trust of India | New Delhi | Published: Nov 22 2012, 04:14 IST
  Nov 22 2012, 04:14 IST Print
  SummaryThe government will offload its 4% share in Hindustan Copper on Friday, starting the Rs 30,000-crore disinvestment programme for the current fiscal. Related ArticlesGovt reboots sell-off roadmap; big ticket sales soonGovt to disinvest 4% Hindustan CopperColumn : Focus on India Inc, not PSU IncLIC investment cap raised to save PSU selloffs
  The government will offload its 4% share in Hindustan Copper (HCL) on Friday, starting the Rs 30,000-crore disinvestment programme for the current fiscal. �HCL disinvestment will happen on Friday between 9:15 am and 3:30 pm. The first tranche is only going to be 4%,� disinvestment secretary Halim Khan told reporters.
  This will be the first stake sale in any PSU in the current fiscal. The government had earlier planned to offload 9.59% out of its 99.59% equity in Hindustan Copper. However, it has now decided to offload the copper major in two tranches. �We don�t want to flood the market with extra liquidity, so we are divesting stakes in two tranches,� Khan said, adding that the floor price for the issue would be decided after the close of the equity market tomorrow.