The much-awaited initial public offering of shares by state-run NHPC, formerly known as National Hydro Power Corporation, will hit the markets around Diwali this year. The public offering will come at the end of October this year in which the company would issue 168 crore

shares. NHPC would issue shares at a face value of Rs 10, comprising 10% fresh shares and 5% shares to be divested by the government.

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