The government has received bids for 7% stake in India’s largest power producer NTPC, which will fetch the exchequer about Rs 9,100 crore. At the end of the two-day offer for sale (OFS), the government retained over-subscription it had received from institutional investors after retail investors bid for only 73% of the quota allocated for them. The government had planned to sell over 41.22 crore shares, or 5% holding, through the two-day OFS, with an option to retain a similar portion in case of over- subscription.
National Thermal Power Corporation (NTPC) is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.
