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The government today said it is satisfied with the response to NTPC’s share sale and expects to garner more than Rs 11,500 crore from the offer —— the biggest disinvestment mop up so far this fiscal.
“The government is satisfied with the response to this (NTPC) offer. We expect more than Rs 11,500 crore from the issue,” Disinvestment Secretary Ravi Mathur said here after the offer closed for subscription.
The total demand received is for 132.84 crore shares and indicative price is Rs 145.91. Thus, the offer has been subscribed 1.7 times, he said.
Sharing further details, Mathur said there was good participation from foreign institutional investors (FIIs).
“One FII has bid for 1,000 crore shares in the early hours of the trade. More order inflow came in towards the end of the day. Individually, FIIs have put in $50—100 million,” he said.
The government had fixed the floor price for the 9.5 per cent stake auction of NTPC at Rs 145 per share.
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