Hindustan Zinc shares fell over 8% on November 6 after the government announced a 2.5% stake sale through an offer-for-sale (OFS) at a floor price of Rs 505, nearly 10% lower than the previous closing price. The government will divest 1.25% equity, with an option to increase the offer size by another 1.25%.
The government plans to divest up to 2.5% of its stake in Hindustan Zinc through an Offer for Sale (OFS) starting November 6, with a floor price set at Rs 505 per share. This includes a base offer of 1.25% equity and an additional 1.25% as a green shoe option. Retail investors can bid on November 7, while non-retail investors can participate on November 6, with 10% of the offer reserved for retail bids up to Rs 2 lakh.
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