NTPC Share Auction begins at floor price Rs. 145 each

The government is going to sell the 9.5 percent stake in the country’s power major NTPC on Thursday and auction process has started, seeking to fetch about Rs 12,000 crore for the exchequer.

The sale of NTPC stake has been approved by an Empowered Group of Ministers (EGoM) on disinvestment chaired by Finance Minister P Chidambaram.

Sources said that the NTPC disinvestment would be the biggest so far this fiscal as has fixed sale of 9.5 percent stake at Rs 145 per share with nearly 7% discount to current market price on BSE at Rs 155.60, up 0.16 percent.

The auction process would be through offer for sale (OFS) route, sources said.

The govt currently holds 84.50 percent stake in NTPC and further stake sale offer would be as part of to raise $2.25 billion.

NTPC Auction feb7 300x196 NTPC Share Auction begins at floor price Rs. 145 each

Citigroup, Morgan Stanley, Goldman Sachs, Deutsche Equities, Kotak Securities and SBI Cap Securities are the merchants bankers who managing the NTPC sale.

Leave a Reply


  • Google’s Hangouts for Gmail India Nitika
  • India need to harness youth’s power, not Vote-Bank Politics: Modi; Protest outside SRCC Jaspreet Kaur
  • SC notice to Sahara Group, SEBI free to seize properties Aryan Wadhwa
  • Controversial Godman, Asaram Bapu bows new headline, kicks his devotee Navjot Singh
  • BJP Sangh Parivar set for Hindutva dip at Maha Kumbh, SP warns Nitika

Advertise With Us || Contact Us || Priyacy Policy || Disclaimer || About Us || Our Editors