India to Sell Up to 6 Percent Stake in NHPC via OFS
The Indian government intends to divest a stake in the hydropower company at a floor price of 71 rupees per share. This sale is part of a broader 800 billion rupee divestment target for the 2027 fiscal year as the state reduces its current 67.4 percent holding.
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India will sell up to a 6% stake in NHPC LTD through an offer for sale (OFS). The base offer covers a 3% equity stake with an option to sell an additional 3%. This divestment helps the government reach its 800 billion rupee asset monetization target for fiscal year 2027.
