Government of India raised Rs 2500 by paying 3.5% shareholder in NHPC scheme!

Economy Business

The government will sell 3.5 percent stake in power producer NHPC at a floor price of Rs66 per share, bringing in Rs2,300 crore to the exchequer. The sale in NHPC The offer will open tomorrow for non-retail investors. Retail investors can place bids. The government will disinvest 3.5 percent of the equity, including a greenshoe option of 1 percent.


      The base size of the OFS is 2.5% (251,125,870 shares) and the green net option is 1% (100,450,348 shares).

      The Union Budget has set a disinvestment target of Rs 51,000 crore for the financial year 2023-24 (FY24)

     

 

     


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