Govt Opens NHPC Stake Sale Window

India’s disinvestment drive gained momentum as the Government of India announced plans to sell up to a 6% stake in NHPC Limited through an Offer for Sale (OFS), beginning June 2. The floor price for the issue has been set at ₹71 per equity share. The stake sale will initially involve a 3% divestment, with an option to sell an additional 3% through the Green Shoe mechanism if investor demand remains strong. Non-retail investors will get the first opportunity to bid on June 2, while retail investors can participate on June 3 through stock exchange platforms. The move is part of the Centre’s broader strategy to unlock value from public sector enterprises, improve capital efficiency, and mobilize resources for future development initiatives. Market participants will closely watch subscription levels, as NHPC remains one of India’s most prominent public-sector players in the hydropower sector. As a Navratna PSU under the Ministry of Power, NHPC has built a strong reputation in hydroelectric generation and has steadily expanded into solar and other renewable energy segments. Its diversified clean-energy portfolio and long-term growth prospects are expected to keep investor interest high during the OFS process. Analysts believe the stake sale could become one of the closely tracked PSU market events of the month, providing insights into investor appetite for government-owned renewable and infrastructure-focused companies. If fully subscribed, the transaction will also contribute significantly toward the government’s disinvestment targets for the current financial year. With India accelerating its clean energy transition and power infrastructure expansion, NHPC continues to occupy a strategic position in the country’s renewable energy landscape, making this OFS an important development for both investors and the PSU sector.