The government is all set to sell 11.36% stake in NHPC to raise around Rs 2,800 crore. The stake sale will be through the offer for sale mechanism and non-retail investors will be eligible to place bids on April 27 while retail investors will be eligible to bid on April 28.
The floor price for the offer for sale has been set at Rs 21.75 per share and on offer will be 125.76 crore shares. The government currently holds 85.96 per cent stake in NHPC.
By conducting the offer for sale in April, the government will commence the disinvestment programme for the 2016-17 fiscal in the first month of the fiscal itself. For the full fiscal, the government aims to raise Rs 35,000 crore from the minority stake sales in public sector units.
