NTPC Ltd.

BSE: 532555 | NSE: NTPC
Large Cap | Power Generation/Distribution
350.40
4.80 (1.39%)
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Government to sell 10% stake in NTPC

Date: 29-08-2017

The government is all set to sell up to 10% stake in the country's largest power producer NTPC to raise about Rs 7,000 crore. The share sale through an offer for sale (OFS) will happen over two days beginning August 29. The Centre has fixed the base price for the OFS at Rs 168 per share. Retail investors will get a special discount of 5% on the allotment price.

The offer for sale will have a core component of 412 million shares (5% stake), with a greenshoe option to sell another 5%.

The government currently owns a 69.7 per cent stake in the company. After the issue, the stake could come down to 59.7 per cent. NTPC is the fourth-largest public sector undertaking (PSU) in terms of market capitalisation.