The government has planned to sell 4.92 per cent stake in SJVN at a floor price of Rs 69 per share through a two-day offer for sale. The Offer for sale in SJVN opened on September 21, 2023 for non-retail investors. Retail investors can bid on September 22, 2023.
Government will divest 4.92 per cent equity including a Green Shoe option of 2.46%. At the floor price of Rs 69 a share, the sale of 4.92 per cent stake -- or over 9.66 crore shares -- will fetch over Rs 650 crore.
SJVN’s principal business activity is electricity generation. The company is also engaged in the business of providing consultancy.
