Eyes on India Power Corporation stake sale

India Power Corporation (formerly DPSC Ltd) proposes to sell 32.63 crore equity shares (33.51 per cent of the current paid-up equity capital) through the offer-for-sale (OFS) window on the exchanges on April 6 (for non-institutional investors) and on April 7 (for retail investors). The company has fixed the floor price at ₹41 a share. Currently, India Power Corporation, its promoter, holds 68.31 per cent stake in the company.