Government Launches Strategic Stake Sale in Hydropower Giant NHPC Ltd
The government announced an Offer For Sale in NHPC Ltd, opening Tuesday for non-retail investors and Wednesday for retail. A base 3% equity issue may increase to 6% if oversubscribed, with shares priced at Rs 71 each. Proceeds support India's asset monetization strategies for fiscal year 2026.
The government has revealed plans for an Offer For Sale (OFS) in the state-owned hydropower company NHPC Ltd, offering a base issue of 3% equity, with an additional 3% under a Green Shoe Option if the demand exceeds expectations.
As outlined by the Department of Investment and Public Asset Management, the equity floor price is set at Rs 71 per share. The OFS will commence for non-retail investors on Tuesday, followed by retail investors on Wednesday, allowing participation across the board.
This sale comes on the heels of successful divestitures in major public sector units like Coal India and LIC. It's part of a broader effort to achieve the financial target set by the finance ministry for FY26. The NHPC, with a rich track record in hydropower and renewable energy, continues to be a point of interest for its reliable dividends and strategic pivot towards clean energy.
(With inputs from agencies.)
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