Empowered Group of Ministers (EGoM), chaired by Finance Minister P Chidambaram, is expected to decide on time and price of 9.5% stake sale in power major NTPC in its meeting scheduled to be held on February 5,2013, which could fetch the exchequer a sum of Rs 12,000 crore.
The government, after successfully completing 10% stake sale in Oil India (OIL) through the offer for sale (OFS) route last week, has proposed to offload its stake in NTPC through the same route. Further, the Department of Disinvestment (DoD) has already conducted international road shows for disinvestment of NTPC.
With the OIL stake sale going through, the government has raised over Rs 10,000 crore though PSU stake sale so far this fiscal, which include Rs 6,000 crore raised from stake sale in NMDC, Rs 800 crore from HCL and Rs 125 crore from NBCC.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
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