Government has decided to sell 5% stake in NTPC via offer-for-sale (OFC). NTPC is the first company to hit the markets under the revised OFS guidelines of the market regulator SEBI. The government has fixed a floor price for the sale of over 41.22 crore shares in NTPC at Rs 122 a piece, a 3.82% discount to its closing price on the BSE.
While the issue would open for institutional bidders on February 23, the retail investors, for whom 20% shares have been reserved, will get to bid on February 24. At a floor price of Rs 122, the NTPC share sale would fetch about Rs 5,030 crore to the exchequer.
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
| Company Name | CMP |
|---|---|
| NTPC | 352.15 |
| Tata Power | 389.05 |
| Power Grid Corpn. | 283.95 |
| Adani Power | 229.25 |
| Torrent Power | 1412.40 |
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