The President of India, acting through the Ministry of Power, Government of India has informed the Exchange about its intention to exercise over-subscription option for 30,13,51,044 equity shares
NHPC · price
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The President of India, acting through the Ministry of Power, has informed the exchange of its intention to exercise the over-subscription option for 30,13,51,044 equity shares of NHPC Limited. This is part of the government's ongoing disinvestment programme, allowing it to sell additional shares beyond the base OFS (Offer for Sale) size. The decision to tap the over-subscription option indicates that the base OFS received strong demand from investors. The sale of these extra shares will further dilute the government's stake in the public sector hydropower company, increasing the free float available in the market.
Strong investor appetite is a positive sentiment signal for NHPC. However, the additional supply from over-subscription may create short-term selling pressure and lead to further reduction in promoter (Government of India) holding.