The NMDC offer for sale (OFS) concluded on Wednesday with the government successfully raising about Rs 1,200 crore by divesting 2.52% of its stake in the company.
Participating in NTPC’s offer for sale (OFS) could be a sensible decision for retail investors who would be getting an additional 5 percent discount on the cut-off price.
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.
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.