India's NHPC rises after government opts to sell additional 3% stake
03/06/2026 06:11
BUZZ-India's NHPC rises after government opts to sell additional 3% stake ** Shares of India's NHPC NHPC.NS jump 4.56% to 75.68 rupees, log biggest intraday pct jump since January 28
** Gains come after filing shows India govt will exercise oversubscription option to sell an additional 3% stake in the state-owned power company through its ongoing offer for sale
** Government had launched stake sale of up to 6% in NHPC at floor price of 71 rupees/share, an 8% discount to stock's closing price before the offer
** Stock recovers after falling to a two-month low in previous session following discounted share sale
** YTD stock down 4.63%
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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