Hydroelectric Power Company Shares Plunge 10%

Satluj Jal Vidyut Nigam (SJVN) shares slumped significantly after govt announced OFS. Read More>>

SJVN Shares Plunge

The government offered OFS for up to 4.92% equity stake equity at Rs 69/share, a 15% discount. Stake sale to fetch over Rs 650 crore.

OFS Details

Govt. to sell 9.67 crore shares, may increase to 2.46% more. It opens for non-retail on Sept 21 and for retail investors on Sept 22.

Stock Performance

The stock soared by 163.56% in the last six months. SJVN outperforms Nifty50, recording 163.56% growth over the last 6 months.