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Government to sell 4.92% stake in SJVN

21 Sep 2023 Evaluate

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.


SJVN Share Price

65.83 0.04 (0.06%)
25-Aug-2026 16:59 View Price Chart
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