NTPC Ltd.

BSE: 532555 | NSE: NTPC
Large Cap | Power Generation/Distribution
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Cabinet likely to approve 9.5% stake sale in NTPC

Date: 21-11-2012

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).