NHPC Share Sale: Issue Oversubscribed on Day 1

NHPC Share Sale: Issue Oversubscribed on Day 1

The Centre’s disinvestment plans for 2016-17 got off to a good start with the Rs 2,700-crore offer for sale in hydro power company NHPC being subscribed 1.56 times, driven by strong demand from institutional investors.

While the issue saw healthy response from institutions on Wednesday, retail investors, who can subscribe from Thursday, may not show similar strong response, given NHPC’s past under performance and poor track record, according to market analysts.

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