September 8, 2024
Headlines

Government Divestment

Government

Unlocking Value: Government Initiates 3.5% Stake Sale in NHPC via OFS; Floor Price Fixed at ₹66 per Share

amitsomrana704 mins

Seizing Opportunities: NHPC OFS Details Unveiled The government is set to unlock substantial value by divesting a 3.5% stake in the prominent renewable energy player, NHPC Ltd., through a meticulously planned offer-for-sale (OFS) scheduled for January 18 and 19, 2024. Delving into the specifics, the OFS comprises a base size of 2.5%, complemented by a…

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IRFC

Unlocking Success: Government’s Strategic Move to Boost IRFC Shares by 11.36%

amitsomrana706 mins

In a strategic move, the government is gearing up to initiate the sale of IRFC shares through an offer for sale (OFS) during the ongoing fiscal year. This authoritative revelation underscores the government’s commitment to prudent financial management. IRFC’s Recent Financial Performance In the first quarter of the current fiscal year, IRFC posted a net…

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