
SJVN OFS: Stock tanks 10% as floor price at Rs 69 reflects 16% discount
Shares of SJVN Limited, the state-owned hydroelectric power generation company, tumbled by 10% today following the announcement of an Offer for Sale (OFS) with a floor price set at Rs 69 per share, signaling a substantial 16% discount to its prevailing market value. The decision to offer shares at a discounted rate has attracted widespread…