NEW DELHI, June 4 (H.S.): The Central Government has raised approximately Rs 4,300 crore by selling its stake in public sector ‘Navratna’ enterprise NHPC Limited through an Offer for Sale (OFS), which concluded on Wednesday.

According to data available on the Bombay Stock Exchange (BSE), bids were received for 151.33 crore shares against the OFS size of 60.27 crore shares, indicating strong investor demand. The OFS included a 3 per cent government stake sale, along with a 3 per cent green shoe option, allowing additional shares to be sold in case of oversubscription.

The government had announced on Monday that it would divest up to 6 per cent stake in NHPC Limited through the OFS mechanism. The floor price was fixed at Rs 71 per share. This is the third OFS involving a public sector company in the current financial year 2026–27.

Earlier, the government had raised Rs 5,542 crore by divesting a 2 per cent stake in Coal India Limited through OFS last week. In May, it had also raised Rs 2,266 crore by selling an 8.08 per cent stake in Central Bank of India. With these transactions, total disinvestment proceeds so far in the current fiscal year stand at Rs 7,808 crore.

The Union Budget for 2026–27 has set a disinvestment and asset monetisation target of Rs 80,000 crore, more than double the revised estimate of Rs 33,837 crore for the previous financial year 2025–26.

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Hindusthan Samachar / Jun Sarkar