Third PSU divestment this fiscal boosts FY27 disinvestment momentum.

NHPC OFS Fully Subscribed, Government Raises ₹4,300 Crore.

The government successfully mobilised around ₹4,300 crore after the Offer for Sale (OFS) of NHPC shares was fully subscribed on its final day. Against an OFS size of 60.27 crore shares, bids worth 151.33 crore shares were received, indicating strong investor interest. Announced earlier this week, the government sold up to a 6% stake in NHPC at a floor price of ₹71 per share, comprising a 3% base offer and an additional 3% green shoe option. The floor price represented an 8% discount to NHPC’s previous closing price. Despite this, the stock performed well, closing at ₹75.12 on Wednesday, up nearly 4% on the BSE. This marks the third public sector divestment in the current fiscal year. Earlier, the government raised ₹5,542 crore through Coal India’s OFS and ₹2,266 crore via Central Bank of India stake sale. With total FY27 disinvestment proceeds now at about ₹27,808 crore, the government is progressing toward its ₹80,000 crore target set in the Union Budget.