Govt to sell 2.5% stake in NHPC via OFS; floor price set at Rs 66/share
MUMBAI – The government has proposed to sell a partial stake in renewable energy major NHPC Ltd through an offer for sale on Thursday and Friday.
The government plans to sell 251,125,870 shares, representing a 2.5% stake in NHPC and has set the floor price at Rs 66 a share. This is at a steep discount of nearly 10% from the current market price.
