Satjuj Jal Vidyut Nigam Ltd

The initial public offer of Satluj Jal Vidyut Nigam Ltd, the state owned hydro power producer, is likely to hit the market in the next financial year. the government had approved a 10% sale of its stake in SJVN. currently the government holds 75% stake in the company, the rest being owned by the Himachal Pradesh Government, after the IPO the government 's shareholding in the miniratna PSU would come down to 65%. the company with an authorised share capital of Rs 4500 crore plans to offer 310 million shares of Rs 10 face value each, to fetch over Rs 1200 crore from the capital market in its maiden public issue.