Premium
This is an archive article published on September 10, 2014

Disinvestment: Govt clears 11.36% stake sale in NHPC, may get Rs 2,800 cr

Cabinet Committee on Economic Affairs has cleared sale of govt's 11.36 per cent in NHPC...

google-preferred-btn
Government holds 85.96 per cent stake in NHPC. Government holds 85.96 per cent stake in NHPC.

Government today cleared 11.36 per cent stake sale in NHPC, that could fetch over Rs 2,800 crore to the exchequer.

The Cabinet Committee on Economic Affairs (CCEA) has cleared sale of government’s 11.36 per cent in NHPC through an Offer For Sale (OFS), sources said.

At the current market price of Rs 22.40 a piece, sale of 11.36 per cent or 125.76 crore shares would fetch over Rs 2,800 crore to the exchequer.

Story continues below this ad

Government holds 85.96 per cent stake in NHPC. The stake sale would help the company comply with the minimum 25 per cent public shareholding norm of market regulator Sebi.

The disinvestment department has already selected three merchant bankers — Edelweiss Financial, IDFC Capital and HSBC Securities– for managing the NHPC stake sale.

In the current fiscal, the government plans to mop up Rs 43,425 crore from selling its stakes in PSUs.

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
Advertisement
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
The letter, authenticated by Telangana intelligence sources, also accused Chandranna of giving up the armed struggle.
Express ExclusiveMaoists deny having general secretary, call claim of Devuji’s elevation ‘untrue’
Trump
OpinionC Raja Mohan writes: When Trump meets Xi, will a new global order emerge?
The hair and makeup department is costing a film as much as Rs 8-10 crore today.
Entertainment'Rs 1 lakh per day, first-class travel, 5-star hotels': Why crores from film budgets are being spent on hair and make-up while writers get paltry amounts
Shiney Ahuja left Bollywood after a major controversy.
EntertainmentBollywood star who worked with Akshay Kumar, Kangana Ranaut was sentenced to 7 years for rape
The senior asked, “xyz why are you smiling?” to which the employee replied, “everything is fine.” The call continued without any further comments, and he assumed the incident had passed (Representational image/Unsplash)
Trending'Indian workplaces, most egocentric management’: Techie reveals how a smile during virtual meeting almost cost his job as a senior felt ‘insulted’
Meta co-founder Dustin Moskovitz described how external events like politics and the pandemic added to the strain (Image source: @jmoskov/Instagram)
TrendingMeta’s co-founder says being a CEO for 13 years was exhausting, shares 2 things that added to strain: 'Being a CEO is a lot more...'
L-R: South Africa pacer Marizanne Kapp registered five-wicket haul while skipper Laura Wolvaardt scored 169 against England during Women's World Cup semifinal. (PHOTO: AP)
SportsSouth Africa's 'Goldfish' run: Laura Wolvaardt, Marizanne Kapp step up big time as Proteas thump England to reach World Cup final
L-R: The entrance to the colony where Deepti Sharma lives in Agra & Deepti in action during World Cup 2025. (Express Photo by Vinayakk Mohanarangan & AP)
SportsDeepti Sharma: how her brother shaped India's all-weather all-rounder from the land of the Taj Mahal
US-China ties, US-China RELATIONS, donald trump, donald trump visit to Asia, US-China ties consequences for Asian nations, US-China dynamic, editorial, Indian express, opinion news, current affairs
OpinionTrump's visit to Asia: Flux in US-China ties has consequences for Asian nations
Special Intensive Revision
Special Intensive Revision: Step-by-step guide to keeping your name on the electoral roll
friend
Lifestyle'Jab bhi mujhe lagta hai ye banda shady hai, main dosti kar leti hoon': Why Sara Ali Khan believes in befriending untrustworthy people
GitHub Universe 2025
TechnologyMicrosoft CEO Satya Nadella at GitHub Universe 2025: ‘Vibe coding’ is world-class tooling, developers remain central to creation
Advertisement
Must Read
SportsSouth Africa's 'Goldfish' run: Laura Wolvaardt, Marizanne Kapp step up big time as Proteas thump England to reach World Cup final
L-R: South Africa pacer Marizanne Kapp registered five-wicket haul while skipper Laura Wolvaardt scored 169 against England during Women's World Cup semifinal. (PHOTO: AP)
SportsDeepti Sharma: how her brother shaped India's all-weather all-rounder from the land of the Taj Mahal
L-R: The entrance to the colony where Deepti Sharma lives in Agra & Deepti in action during World Cup 2025. (Express Photo by Vinayakk Mohanarangan & AP)
SportsIndia vs Australia, Women’s World Cup 2025 semifinal: Unstoppable force meets unpredictable object in Navi Mumbai
In the women’s game, no contest raises the level of excitement among fans like Australia versus India does. (Express Photo by Amit Chakravarty)
TechnologyMicrosoft CEO Satya Nadella at GitHub Universe 2025: ‘Vibe coding’ is world-class tooling, developers remain central to creation
GitHub Universe 2025
Nothing Phone (3a) Lite hands-on: A closer look at the brand’s 1st entry-level phone
The Nothing Phone (3a) Lite in white, featuring a subtle transparent design. (Image: Bijin Jose/The Indian Express)
Technology‘Grokipedia will make massive errors’: Wikipedia founder questions use of AI for reliable info
Elon musk
Lifestyle'Jab bhi mujhe lagta hai ye banda shady hai, main dosti kar leti hoon': Why Sara Ali Khan believes in befriending untrustworthy people
friend
Advertisement
Buzzing Now
Trending'Indian workplaces, most egocentric management’: Techie reveals how a smile during virtual meeting almost cost his job as a senior felt ‘insulted’
The senior asked, “xyz why are you smiling?” to which the employee replied, “everything is fine.” The call continued without any further comments, and he assumed the incident had passed (Representational image/Unsplash)
TrendingMeta’s co-founder says being a CEO for 13 years was exhausting, shares 2 things that added to strain: 'Being a CEO is a lot more...'
Meta co-founder Dustin Moskovitz described how external events like politics and the pandemic added to the strain (Image source: @jmoskov/Instagram)
Trending‘Don’t invest in India, will be badly taxed’: Indian man wins over Rs 240 crore in UAE lottery, internet reacts
During the interview, he opened up about how he selected his lucky ticket (Image source: @theuaelottery/X)
TrendingWatch: Baby elephant dances to Zubeen Garg’s song in Assam, video leaves the Internet emotional
Zubeen Garg passed away at the age of 52 in Singapore (Image source: @guwahati.unofficial/Instagram)
Trending‘Had a breakup, need short break’: Gen Z employee sends ‘most honest’ leave request, boss’ reaction sparks debate
Sharing a screenshot of the mail, the CEO wrote, "Got the most honest leave application yesterday. Gen Z doesn’t do filters!" In another thread, Singh shared that he had approved the leave request (Representational image/Unsplash)
Oct 29: Latest News
Advertisement