Divestment2 Jun 2026, 05:51 pm
NHPC Ltd: Promoter Sells 3% Stake via Offer for Sale
AI Summary
NHPC Ltd announced an Offer for Sale (OFS) by its promoter, the President of India (Ministry of Power), to sell up to 6% of the paid-up equity share capital. The base offer size is 3% (30,13,51,044 shares), with an option to sell an additional 3% (oversubscription option). The sale will occur on June 2, 2026, for non-retail investors and June 3, 2026, for retail, employees, and carry-forward bids. A portion is reserved for retail investors (10% of the offer) and employees.
Key Highlights
- Promoter (President of India) to sell up to 6% stake in NHPC Ltd.
- Base offer size is 3% stake, with an option to sell an additional 3%.
- Offer for Sale (OFS) scheduled for June 2-3, 2026.
- Retail investors and employees have reserved portions of the offer.
- This is a divestment of shares by the promoter.
Price Impact
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