The offer-for-sale of DPSC will open for subscription on January 30 (to non-retail investors) and on January 31 (retail investors). Indian Power Corporation (formerly DPSC) proposes to sell 32.443 crore shares, representing 20.56 per cent of the post-amalgamation paid-up equity capital (33.32 per cent of the current). The floor price is fixed at ₹30 a share. The stake sale is necessitated on the direction of Calcutta High Court following the scheme of arrangement.
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