Divestment to keep Hind Copper active

Volatility may catch Hindustan Copper shares, as the Group of Ministers are meeting on Tuesday to decide on the base price for 4.01 per cent stake sale. The issue is expected to hit the markets on July 3. At present, the Government holds 94.01 per cent stake in Hindustan Copper. The sale would make the company complaint to the minimum 10 per cent public holding norm of market regulator SEBI. The Government, in November last year, sold 5.58 per cent stake in Hindustan Copper through offer-for-sale route at an average price of Rs 156.56 a piece. Since the stock crashed over 55 per cent.