HindCopper OFS gets 3x bids; govt to exercise greenshoe

The government's offer for sale in Hindustan Copper Ltd received strong demand from non-retail investors on Tuesday, with the issue subscribed more than three times. According to exchange data, the OFS received bids for 8.91 crore shares against 2.61 crore shares on offer, implying subscription of 3.41 times. The shares were offered at a floor price of Rs 514 apiece.