NHPC undertakes offer for sale

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The government has divested 11.36% of its equity in hydropower generation company NHPC, raising approximately US$406 million through an offer for sale. The sale of 1.26 billion shares reduces the state’s stake in NHPC to 74.6%.

Multicoloured_rupees_vividThe shares were sold pursuant to regulation S and rule 144A of the US Securities Act, 1933.

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