Shares of SJVN tanked around 9 percent on Thursday on the government's plan to sell a 4.92 per cent stake in the company at a floor price of Rs 69 per share through a two-day offer for sale.
The floor price for the offer for sale sits at a sharp discount of around 17 percent to the stock's Wednesday closing price, which dented sentiment.
The OFS in SJVN opens todayfor non-retail investors while retail investors can bid on Friday.
At 10:10 hours, shares of the company were trading at Rs 74.46 apiece, down by Rs 7.29 or 8.92 per cent.