Govt Gets 2.7k cr from NHPC Is­sue

The Economic Times - - Smart -

Mum­bai: The gov­ern­ment has gar­nered about ₹ 2,700 crore by suc­cess­fully of­fload­ing 11.36% stake in NHPC. Though the re­sponse from the re­tail in­vestors was muted, the of­fer for sale of NHPC was lapped up by in­sti­tu­tional in­vestors. While the re­tail por­tion was sub­scribed by just 58% on Thurs­day, the por­tion re­served for in­sti­tu­tional in­vestors was sub­scribed 1.55 times on Wed­nes­day. Re­tail in­vestors bid for 14.58 crore shares against the 25.15 crore shares re­served for them. Ma­jor­ity of the bids came in at the floor price of ₹ 21.75 per share ac­cord­ing to BSE data. Shares of NHPC de­clined 1.86% to ₹ 21.15 on Thurs­day. — Our Bureau

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