Market Updates : The government’s decision to sell up to 3.5 percent of the PSU in an Offer for Sale at a minimum price of Rs 66 per share—a discount of more than 9 percent from yesterday’s closing price—caused shares of NHPC to drop by 5% at opening on January 18. Yesterday, the state-owned hydropower producer’s stock ended at Rs 73.25, up 1.2 percent on the back of gains in other PSU stocks. The stock was trading at Rs 69.70 at 9:20 a.m.

The business announced in a regulatory filing on January 17 that the Offer for Sale (OFS) for NHPC will open for non-retail investors on January 18. On Friday, the general public can place bids. The government would offer around 25 crore equity shares in NHPC at a floor price of Rs 66 per share, as per the OFS, with a green shoe option to sell an additional 10 crore shares. Based on projections, the OFS is expected to bring in approximately Rs 2,300 crore for the government.

The state-owned NHPC recorded a consolidated profit of Rs 1,546 crore during the quarter that ended in September 2023 in Q2FY24, an increase of 0.7 percent from the previous fiscal year. During the reporting quarter, revenue from operations increased by 11.6 percent YoY to Rs 2,931.3 crore. NHPC’s Q3 earnings have not yet been released.

Disclaimer : The above article is meant for informational purposes only, and should not be considered as any investment advice.


Newsparviews is a independent source bace news agency that give latest and trending news from authentic source. So we take update our viewer and visiter . So If you want To get All News from "" Subscribe Our Web Page Latest trending news today

Leave a Reply

Your email address will not be published. Required fields are marked *