Key Points
MUMBAI - The government has proposed to sell a partial stake in renewable energy major NHPC Ltd through an offer for sale on Thursday and Friday...
The government plans to sell 251,125,870 shares, representing a 2.5% stake in NHPC and has set the floor price at Rs 66 a share..
The government proposes to sell an additional 100,450,348 shares, representing 1% of the total paid up capital of the company, in case of an oversubscription...
So far in the current fiscal year, the government has sold stake in Coal India, Hindustan Aeronautics, Housing and Urban Development Corporation, IRCON International, Rail Vikas Nigam, and SJVN via OFS, helped by the strong momentum in equities...
Power stocks have rallied significantly over the last one year, aided by the strong demand, capacity additions and governments increased focus on renewable energy...
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Government to sell additional 1% stake in NHPC as OFS gets overwhelming response
18, Jan, 24On Wednesday, the government announced plans to sell 251,125,870 shares, representing a 2.5% stake in NHPC, and set the floor price at Rs 66/share. This was at a steep discount of nearly 10% to the closing price of the stock. Further, the government said it would sell an additional 100,450,348 shares, representing a 1% stake, in case of an oversubscription.
Govt to sell 8% stake in IRCON International through OFS
06, Dec, 23The government will offload about 3.76 crore shares, which represents 4% stake through the OFS, and in the case of oversubscription, an additional 4% stake will be under sale
HAL share price today plunges as govt to sell stake, launches OFS
23, Mar, 23Hindustan Aeronautics shares plunged more than 5% on the BSE in early deals
Coal India OFS gets strong institutional support; is it worth a bet for retail investors?
01, Jun, 23The Indian government received good response from institutional investors in the third offer for sale (OFS) of a stake in Coal India, with the non-retail portion oversubscribed by 346%. However, CIL shares have underperformed in the four years since the government offloaded 10% of its stake for INR220bn ($3bn) in 2015, returning negative 8%. CIL announced an 8% increase in major coal grade prices this week, its first significant hike in five years. Retail investors, who are offered a 7% discount, may welcome the opportunity to buy shares at a lower price point, according to experts.
The small investor learns the art of booking profits
07, Feb, 24So far this fiscal (April-December 2023), direct retail investors have net sold shares worth ₹1.68 trillion
Patanjali OFS fully subscribed, stock hits 5% upper circuit
14, Jul, 23The cut-off price, based on bids made in the non-retail category, has been fixed at Rs 1103.80. Retail investors, as defined by those with investments less than Rs 2 lakh, can therefore apply for a maximum number of 181 shares.
Govt to sell 7% in NLC India via offer-for-sale, aims to raise ₹2,058 cr
06, Mar, 24The government plans to offload a 7% stake in NLC India through an offer-for-sale (OFS), including a green shoe option of 2%. The OFS, opening for non-retail investors on Thursday and for retail investors on March 11, aims to raise around ₹2,058 crore. The floor price is set at ₹212 per equity share, at a discount to the closing price of ₹226.7 apiece on Wednesday.