The government is likely to approve 9.5% stake sale in Maharatna company -- NTPC. This move is aimed at meeting the government’s disinvestment target of Rs 30,000 crore in the current fiscal. At present, government holds 84.5% stake in the company. Post disinvestment, the government stake would come down to 75%.
NTPC became public with its initial public offering hitting the market in 2004. Thereafter in 2009, the government further diluted its stake in the company through Follow-on Public Offer (FPO).
