• Source:JND

NHPC Share Price: NHPC shares plummeted over 5 per cent during the trading hours on Tuesday on the opening up of the Offer for Sale (OFS) wherein the government diluted up to 6 per cent stake in opened for subscription. The public sector stock started the session with a huge gap down at Rs 74.73 as compared to the last day's closing of Rs 77.20 on NSE. Meanwhile, the energy sector company shares escalated the losing momentum further to hit a day low of Rs 72.56, down over 5.5 per cent from the last closing.

OFS At Discount

The government announced a floor price of Rs 71 per share for NHP C OFS earlier this week, which represents around an 8 per cent discount to Monday's closing price of Rs 77.20 on the BSE.

The OFS for non-retail investors opened on Tuesday, while it will open for retail investors on Wednesday. The sale of over 602.7 million shares, representing a 6 per cent stake, at a floor price of Rs 71 per share, will generate approximately Rs 4,200 crore for the government treasury.

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Third OFS in the New Fiscal

This will be the third OFS for a public sector company in the current financial year.

Last week, the government raised Rs 5,542 crore by selling its 2% stake in Coal India through an OFS. In May, it sold an 8.08 per cent stake to the Central Bank of India to raise Rs 2,266 crore. Overall, disinvestment so far in FY27 stands at Rs 7,808 crore.

The FY27 Budget estimates raising Rs 80,000 crore from investments and monetisation of assets, more than double the revised estimate of Rs 33,837 crore in FY27.

Disclaimer: This story is for informational purposes only. It should not be considered as investment advice. 

(With Inputs From PTI)


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