Mumbai: HSBC Holdings Plc and two Indian investment banks will manage the government's planned stake sale in hydropower producer NHPC Ltd, two sources with direct knowledge of the deal said on Wednesday.
IDFC Capital Ltd and Edelweiss Financial Services Ltd are the other two advisors for the sale of an 11.36 per cent government stake in NHPC.
The stake is worth about $436 million at current market price.
The federal government currently owns almost 86 per cent of NHPC.
The Finance Ministry on Monday mandated five banks to manage a $3-billion share sale in top energy explorer Oil and Natural Gas Corp (ONGC).
Copyright @ Thomson Reuters 2014
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