Government Seek To Sell Upto 10% Stake in NTPC Ltd via OFS

NTPC is the fourth-largest public sector undertaking (PSU) in terms of market capitalisation, after Oil and Natural Gas Corporation, State Bank of India, and Coal India. The market capitalisation of the company is nearly Rs 1.43 lakh crore.

Government Seek To Sell Upto 10% Stake in NTPC Ltd via OFS

In a move that could fetch the government anywhere from Rs 7,000 Crore going upto Rs 14,000 crore, the government said it will sell a 5% stake in NTPC Ltd through a two day offer for sale (OFS) beginning Tuesday and with a greenshoe option to sell another 5% in case of over subscription.