Comments
The stock of NTPC slipped about 1.7 per cent around noon to Rs 152.9, ahead of the Government stake sale.
The Centre aims to divest 9.5 per cent stake on Thursday in the power major through offer-for-sale (auction method).
Currently, the Government holds 84.5 per cent stake in NTPC.
It is believed that the floor price will be at 5 per cent discount on the average current market price.
Through the sell-off the Government is expected raise Rs 12,000 crore.
“The floor price will be intimated to the stock exchanges on Wednesday.”
NTPC is the fourth public sector undertaking, after Hindustan Copper, NMDC and Oil India, where auction method will be used for disinvestment during the current fiscal.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.