3 weeks ago

Govt Plans Fresh OFS in Hindustan Zinc, Copper, MDL, IRCTC

Govt Plans Fresh OFS in Hindustan Zinc, Copper, MDL, IRCTC
Govt Plans Fresh OFS In Hindustan Zinc, Hindustan Copper, MDL And IRCTC In FY27 · freepressjournal.in

The government of India owns shares in many companies.

Sometimes, it sells a small part of these shares to investors, which is called an "Offer for Sale."

The government plans to do this with four more companies this financial year.

Those companies are Hindustan Zinc, Hindustan Copper, Mazagon Dock Shipbuilders, and IRCTC.

For Hindustan Copper, Mazagon Dock, and IRCTC, the government may sell about 5% of each company.

For Hindustan Zinc, it may sell only about 1.5%, but that could still raise plenty of money because the company is worth a lot.

The government has already hired merchant bankers to help prepare these sales.

It recently sold part of LIC, a major insurance company, in the biggest stake sale this year so far.

Earlier in the year, it also sold shares in companies like Coal India, NHPC, and Indian Railway Finance Corporation.

Selling these shares helps the government raise money and continue its disinvestment programme.

Key facts

Hindustan Zinc stake planned
~1.5%
Hindustan Copper stake planned
~5%
MDL stake planned
~5%
IRCTC stake planned
~5%
Largest FY27 OFS so far
LIC: 6.5% stake at Rs 382 floor price
Earlier FY27 stake sales
Coal India, NHPC, General Insurance Corporation, Central Bank of India, Indian Railway Finance Corporation
Status
Merchant bankers appointed; launch sequence not finalised

Sources

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