Govt plans NTPC OFS in December


Govt plans NTPC OFS in December

The government is planning to sell at least 3.25 per cent stake in power producer NTPC in December, which will help garner Rs 3,800 crore to the exchequer.

The Cabinet had earlier approved disinvestment of 10 per cent stake in NTPC, of which 6.75 per cent was sold in August last year.

“NTPC offer for sale (OFS) is being planned next month. At least 3.25 per cent would be put on the block, with a green shoe option, which will be decided based on investor demand,” an official told PTI.

At the current market price, sale of 3.25 per cent stake in NTPC will fetch about Rs 3,800 crore to the exchequer. Read More

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