SJVN Ltd bounces back after big fall, know what caused the fall

Shares of public sector power generation company SGVN Ltd (SJVN Ltd) have bounced back. Shares of 21 percent closed Thursday down 13 percent. Actually the government is selling its 4.92 percent stake in SJVN Ltd. A two-day Offer for Sale (OFS) is open for it from Thursday. Non-retail investors in the OFS can bid from September 21, 2023, while retail investors can bid on Friday, September 22. After the zone for OFS on Thursday September 21, shares of SJVN Ltd took a hit and the price has collapsed as much as 13 percent. At the close of trade, the stock closed down 13.05 percent at Rs 71.08 on BSE and 12.26 percent at Rs 71.20 on NSE.

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