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The Economic Times
The Economic Times

NHPC OFS subscribed nearly 3.5 times on Day 1, Govt to exercise green shoe option

The government on Tuesday decided to exercise the green shoe option in the 6 per cent stake sale in the state-owned NHPC through Offer for Sale (OFS), following an overwhelming response from investors on the first day of subscription.

The OFS received an encouraging response from investors and was oversubscribed 3.47 times on the first day.

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