Government to divest 5% in SJVN, eyes rs1,334cr

The government plans to sell approximately a 5% stake in power producer SJVN through an offer for sale (OFS) on Thursday and Friday. The OFS is priced at Rs 69 per share, which is a 15.6% discount to the stock's Wednesday closing price of Rs 82. The base size of the offer is nearly 9.7 crore shares, with a green-shoe option for the same number of shares, and it is expected to raise around Rs 1,334 crore for the government.

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