The Government of India will sell up to a 6% stake in NHPC Ltd through an Offer for Sale (OFS) beginning June 2, according to information shared by the Department of Financial Services.
Under the OFS, the government will initially divest a 3% stake in the state-owned hydropower company, with an option to sell an additional 3% through the Green Shoe mechanism in case of strong investor demand.
The floor price for the share sale has been fixed at ₹71 per equity share.
As per the schedule, the OFS will open for non-retail investors on June 2, while retail investors can place their bids on June 3 through the stock exchange mechanism.
If the Green Shoe option is fully exercised, the Centre will offload a total of 6% of its shareholding in NHPC.
NHPC, a Navratna public sector undertaking under the Ministry of Power, is one of India’s leading hydroelectric power generation companies and has been expanding its presence in the renewable energy sector.
The stake sale is part of the government’s ongoing disinvestment programme aimed at unlocking value in public sector enterprises and mobilising resources.
Market participants are expected to closely track investor response to the OFS, given NHPC’s significant role in India’s clean energy and hydropower sector.
The proceeds from the transaction will contribute towards the government’s disinvestment targets for the current financial year.
