It was yet another successful divestment for the government as NHPC’s offer for sale (OFS) received a massive response from both institutional and retail investors.
The OFS, which opened for retail investors on Friday, was subscribed 1.4 times, with the government getting bids for over 3.8 crore shares against 2.5 crore shares on offer. The bids were received at an indicative price of Rs 70 a share.
