Government Of India Doubles NHPC Share Sale, Raises Stake Offer To 6%

The Government of India has decided to increase the size of its Offer for Sale (OFS) of equity shares in NHPC Limited by exercising the oversubscription option available under the issue. The decision was communicated through an official letter dated June 2, 2026, issued by the Ministry of Power. The communication was signed by Himanshu Lal, Deputy Director, Ministry of Power, on behalf of the President of India, who is the promoter of NHPC Limited.

The government had initially planned to sell a 3% stake in NHPC through the OFS, comprising 30.13 crore equity shares with a face value of ₹10 each. The offer opened on June 2, 2026, for non-retail investors. Following strong demand, the government has now exercised the oversubscription option and added another 30.13 crore equity shares to the sale.

As a result, the total offer size has doubled to 60.27 crore equity shares. This represents 6% of NHPC Limited’s paid-up equity share capital as of March 31, 2026. The shares are being offered through dedicated OFS windows on both NSE and BSE.

The revised structure of the OFS includes a reservation for retail investors. Ten percent of the total offer, amounting to 6.02 crore equity shares, has been set aside for retail participants. Bidding by retail investors, eligible employees, and non-retail investors carrying forward unallocated bids is scheduled for June 3, 2026.

The employee reservation portion has also been expanded. An additional 45.20 lakh equity shares have been added to the original allocation of 45.20 lakh shares, taking the total employee reservation to 90.40 lakh equity shares. Eligible employees can submit applications worth up to ₹5 lakh, although bids up to ₹2 lakh will receive priority consideration during the initial allocation process.

The OFS is being conducted according to existing market regulations, with all shares held in dematerialized form. Settlement of the transactions will be carried out under the applicable rules governing secondary market operations in India.