Comments
The Centre will offload a 4.92 per cent stake in SJVN Ltd. The offer for sale in SJVN Open tomorrow for non-retail investors . Retail investors can bid on Friday.
In a post on micro-blogging site X, the Secretary DIPAM wrote: “Government will divest 4.92 per cent equity including a Green Shoe option of 2.46 per cent”.
The floor price for each fully paid-up equity share will be ₹69 per share, at a discount of 15.59 per cent over Wednesday’s closing price at the BSE. SJVN Ltd’s shares closed at ₹81.75 a piece.
The total offer size (including over-subscription) for 19,33,45,924 shares will be ₹1334 crore (at floor price). Of these, the base offer will account for ₹667 crore (that include 2.46 per cent equity and 966,72,962) while the remaining 2.46 per cent or another ₹667 crore will be Green Shoe option.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.