December 2016 Current Affairs

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Government to sell its 11.36% stake in NHPC

Government to sell its 11.36% stake in NHPC
27 April 2016 Current Affairs: The Government of India has started the disinvestment process of the current fiscal as the GOI has planned to sell its 11.36% equity shares in the National Hydroelectric Power Corporation (NHPC) at rs.21.75. This disinvestment is likely to raise about rs. 2,700 crore. The issue price of share is at a discount of 5.6% to NHPC's closing price of Rs 23.05 on BSE.

Presently, the Government holds 85.96 % in NHPC and selling over 125 crore shares (11.36%) which would help it comply with the minimum public shareholding norms. In this disinvestment a minimum of 20% shares have been reserved for retail investors and around 25% shares have been reserved for the mutual fund and insurance companies. 

This disinvestment came across because of newly-renamed Department of Investment and Public Asset Management (DIPAM) is races to meet the budgeted disinvestment target of Rs.56,500 crore. The NHPC would be the first PSU stake sale on the block. However, the government has already lined up over a dozen PSUs for stake sale in the current fiscal.


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



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