Govt. to Divest 5% in NTPC

  • The government announced it will be divesting five per cent of its stake in NTPC through the offer-for-sale route.
  • The sale is expected to garner Rs.5,029 crore. The stake sale is to be spread over two days. Institutional bidders get to buy shares on the first day and retail investors on the second day.
  • “The floor price for the offer shall be Rs.122 per equity share,” NTPC said in a regulatory filing with the Bombay Stock Exchange. The company’s stock closed at Rs.126.85 on Monday.