New Delhi, June 1 -- The government on Monday said it will sell up to 6 per cent stake in NHPC at a floor price of Rs.71 per share through an offer for sale (OFS) beginning on Tuesday.

"Government of India announces OFS in NHPC Ltd with a base offer of 3 per cent of its equity and an additional 3 per cent Green Shoe Option in case of oversubscription. Floor price fixed at Rs.71 per share," Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said.

The floor price of Rs.71/share is at an 8 per cent discount over Monday's closing price of the scrip at Rs.77.19 on the BSE. Shares of NHPC closed down 2.07 per cent over the previous close.

The OFS opens for non-retail investors on June 2, and for retail inve...