Wednesday, July 10, 2024
HomeBlogSJVN Share Price

SJVN Share Price

SJVN Share Price

According to the news after the market closed, the government will sell its stake in the public sector company Satluj Jal Vidyut Nigam Ltd. Read the full news in detail and how much stake will the government sell?

After the market closed, big news has come about hydro electric power generation company SJVN (Satluj Jal Vidyut Nigam Ltd). The government has announced to sell its stake in SJVN. According to the news of CNBC Awaaz, the company will sell 2.46 percent stake in SJVN. The government will sell this stake through OFS i.e. Offer for Sale.

According to the news so far, the government will also keep the option of oversubscription in OFS. The floor price for OFS has also been decided. The floor price for OFS has been fixed at Rs 69/share.

1.18 crore settlement

Earlier, power generation public sector company SJVN Limited on Wednesday said that it has entered into an initial agreement with Power Finance Corporation (PFC) to obtain finance for its projects worth Rs 1.18 lakh crore.

In a BSE filing, the company said, “PFC and the company have signed a Memorandum of Understanding (MoU) for financial assistance for a diverse portfolio of projects, which primarily includes renewable energy projects and thermal generation projects.” Are.

The total amount of these projects is approximately Rs 1,18,826 crore.” It further said that the term loan financial assistance is proposed to be temporarily 70 per cent of the project cost, which can be increased for renewable energy projects as per the project requirements.

Seller Name: Government of India

Non-Retail Investors- 21 September 2023

Retail Investors- 22 September 2023

Floor price: Rs 69/share (15.6% discount vs Rs 81.75 at today’s close)

Base Offer Size- 9,66,72,962 shares (2.46% of equity)

Over Subscription Option – 9,66,72,962 shares (2.46% of equity)

Total offer size with oversubscription: 19,33,45,924 shares (at floor price of Rs 1334)

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments