MoneyWorks4Me

CCEA allows 5% stake sale in NTPC

14 May 2015 Evaluate

Cabinet committee on economic affairs (CCEA) has approved a 5% stake sale in power producer NTPC. The government currently holds a 74.96% stake in NTPC and a 5% stake sale is expected to fetch it around Rs 5,600 crore. The government had earlier divested 9.5% stake in NTPC in 2013 and raised Rs 11,470 crore.

NTPC is the largest power generating company in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution.

Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
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