New Delhi, June 2 -- The government's Offer for Sale in NHPC Limited received an enthusiastic response from investors on the opening day, with the issue getting over-subscribed 3.47 times on Tuesday. The strong demand from non-retail investors has now paved the way for the government to exercise the entire 3 per cent green shoe option, taking the total stake sale to 6 per cent of paid-up equity.

Department of Investment and Public Asset Management, Secretary, Arunish Chawla posted on X that "allocation will be on price priority basis" and "government has decided to exercise the entire green shoe option" following the robust response. Retail investors and employees get to bid on June 3.

The NHPC OFS was launched with a base offer of 3 pe...