NHPC OFS fully subscribed; govt garners about Rs 4,300 crore

New Delhi: The offer for sale (OFS) for NHPC was fully subscribed on the final day on Wednesday, helping the government mobilise about Rs 4,300 crore from stake dilution.

Against the OFS size of 60.27 crore shares, cumulative bids of 151.33 crore came, as per the data available on the BSE.

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The government on Monday announced it would sell up to 6 percent stake in NHPC via OFS at a floor price of Rs 71 per share.

The OFS includes a base offer of 3 percent of the government's equity in NHPC and an additional 3 percent green shoe option.

The floor price of Rs 71 per share is at an 8 percent discount over Monday's closing price of Rs 77.19 on the BSE. On Monday, the stock ended 2.07 percent lower than Friday's close.

Shares of NHPC on Wednesday closed at Rs 75.12 per unit, up 3.93 percent on the BSE.

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This was the third OFS of a public sector company in the current fiscal year.

Last week, the government sold a 2 percent stake in Coal India via OFS to mop up Rs 5,542 crore. In May, it sold 8.08 percent in the Central Bank of India to raise Rs 2,266 crore. Together, the disinvestment proceeds so far in FY27 stand at Rs 7,808 crore.

The FY27 Budget has estimated a mop-up of Rs 80,000 crore through disinvestment and asset monetisation, more than double the Rs 33,837 crore as per the Revised Estimates for FY26.

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