$NHPC

NHPC climbed more than 4 percent in early trade on Wednesday as the government's Offer for Sale (OFS) entered its second day for retail investors and employees, following robust demand from institutional investors on the opening day. The stock had fallen over 4 percent on Tuesday after the Centre launched the OFS to divest up to a 6 percent stake in the state-run hydropower producer at a discount to the prevailing market price. However, strong investor participation led to the issue being oversubscribed 3.47 times on the first day, prompting the government to exercise the entire green shoe option and increase the stake sale to the full 6 percent on offer. Offer for Sale in NHPC Limited received an enthusiastic response from investors and was oversubscribed 3.47 times on the first day. Allocation will be on a price-priority basis. The government has decided to exercise the entire green shoe option. Retail investors and employees can bid on June 3, 2026. The NHPC stake sale is part of the government's broader disinvestment programme. Last week, the Centre raised Rs 5,542 crore through a 2 percent stake sale in Coal India, while an 8.08 percent divestment in Central Bank of India in May generated Rs 2,266 crore.