NHPC shares decline nearly 5% after government announces offer for sale (OFS) to divest up to 6% stake in the company at a discounted floor price of ₹71 per share. Learn more about the market impact and details.
The Indian government has announced plans to sell up to 6% stake in NHPC through an offer for sale (OFS) at a floor price of Rs 71 per share, aiming to raise Rs 4,200 crore to the exchequer. The sale marks a significant step towards achieving its disinvestment targets in FY27.
The Indian government plans to sell up to 6% stake in NHPC, a leading power generation company, through an offer for sale. The move is expected to fetch around ₹4,200 crore to the exchequer, part of the government’s efforts to raise funds through disinvestment and asset monetization.
