The government’s 4.92 per cent share-sale offer in state-owned power producer SJVN was oversubscribed on Thursday with institutional investors bidding for over 20.91 crore shares against 8.70 crore shares reserved for them.
Foreign institutional investors (FII) sold shares worth Rs 3,110.69 crore, while domestic institutional investors (DII) offloaded Rs 573.02 crore worth of stocks on September 20, provisional data from the National Stock Exchange (NSE) showed.
According to an exchange filing by SJVN, the government proposes to sell up to 96.6 million equity shares having a face value of Rs 10 each, representing 2.46% of the total paid-up equity share capital to non-retail investors on Thursday.
Govt to sell 4 92% stake in SJVN at Rs 69 per share tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.