Retail investors give Hindustan Copper share sale a miss

List traders presented Hindustan Copper’s reveal purchase a skip in Fri amid weak point in price. The actual retail part of the offer-for-sale (OFS) earned just 30 % in the subscription with simply Three.Eight thousand prices for bids compared to Twelve.In search of trillion offered.

List people give Hindustan Copper discuss purchase a skip Your Markets company’s share dropped Several.8 per-cent to Rs Fifty nine.Seventy-five apiece around the BSE. The base price for the Urs 400-crore OFS was arranged at Players Sixty two the reveal. List traders had been provided an additional five per-cent discounted. The actual central authorities can be marketing more effective % risk inside Hindustan Copper mineral included in it’s disinvestment system. Under-subscription inside the list part is not going to change up the discuss sale made, as the providing was bought A single.Half a dozen times from the non-retail class. The particular unsubscribed part from the retail store portion can become sold to be able to non-retail buyers, based on Sebi’s principles.

Advertisements
Retail investors give Hindustan Copper share sale a miss

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s