The Government of India has declared its intention to divest a portion of its stake in SJVN through an Offer For Sale (OFS). This move is anticipated to generate significant interest among both retail and non-retail investors. Here are the crucial details you need to know:<\/p>\n\n\n\n
The OFS window for non-retail investors is set to commence on 21st September 2023. This will be followed by opening the window for retail investors on 22nd September 2023.<\/p>\n\n\n\n
The Government aims to divest 4.92% of its equity in SJVN<\/a>. This includes a Green Shoe option of 2.46%. The floor price for the shares has been set at \u20b969 per share, which is notably lower than the current market price, making it an attractive proposition for potential investors.<\/p>\n\n\n\n Given the floor price of \u20b969 per share, the sale of the 4.92% stake, which translates to over 9.66 crore shares, is expected to bring in revenues exceeding \u20b9650 crore for the Government. It's worth noting that SJVN shares recently surged by 9.31%, reaching a 52-week high of \u20b983.69. The shares eventually settled at \u20b981.75 on the BSE, marking a 6.78% increase.<\/p>\n\n\n\n The Government's decision to divest its stake in SJVN through an OFS presents a golden opportunity for investors. With an attractive floor price and the potential for significant returns, this OFS is poised to be a major event in the financial sector. Investors are advised to watch this development closely and make informed decisions.<\/p>\n","protected":false},"excerpt":{"rendered":" The Government of India has declared its intention to divest a portion of its stake in SJVN through an Offer For Sale (OFS). This move is anticipated to generate significant interest among both retail and non-retail investors. Here are the crucial details you need to know: OFS Opens for Non-Retail Investors The OFS window for […]<\/p>\n","protected":false},"author":1,"featured_media":5093,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[269],"tags":[],"class_list":["post-5089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-basics"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/comments?post=5089"}],"version-history":[{"count":4,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5089\/revisions"}],"predecessor-version":[{"id":5094,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5089\/revisions\/5094"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/5093"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=5089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=5089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=5089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Financial Implications<\/strong> <\/h2>\n\n\n\n
Offer Size and Oversubscription Details<\/strong><\/h2>\n\n\n\n
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