MoneyWorks4Me

Government to divest 9.5% stake in NTPC on Jan 15

12 Dec 2012 Evaluate

The Government is likely to divest 9.5% of its stake in the largest power generator NTPC on mid of January 2013. The said divestment will be done through Offer for Sale (auction) route. At present, the government holds 84.5% stake in the Maharatna Company. Post-disinvestment, the government stake would come down to 75%.

NTPC became public with an initial public offer in 2004. Thereafter in 2009, the government further diluted its stake in the company through a Follow-on Public Offer (FPO).

Peers
Company Name CMP
NTPC 327.00
Tata Power 361.00
Adani Power 202.35
Power Grid Corpn. 263.50
Adani Energy Solut. 1350.00
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