NTPC stake auction today, share price at Rs 145
February 07, 2013  09:19
Government has fixed the base price at Rs 145 per share for 9.5 percent stake sale in NTPC, a discount of 4.79 percent, to garner over Rs 11,300 crore for the exchequer.

The government proposes to sell 78.32 crore shares or 9.5 percent stake in the country's largest power producer through offer for sale (OFS) route. The auction would take place on Thursday.

Shares of NTPC on Wednesday closed at Rs 152.30, down 2.12 percent from its previous close on BSE.

The NTPC disinvestment, which would be the biggest so far this fiscal, would help the government garner over Rs 11,300 crore at the floor price.

In a filing to BSE, NTPC said "the floor price for the sale in terms of the Sebi OFS circular shall be Rs 145 per equity share of NTPC (the Floor Price)".

The Empowered Group of Ministers, headed by Finance Minister P Chidambaram, had earlier decided on the floor price and date of the share sale. The pricing was, however, revealed only after close of market hours on Wednesday.
« Back to LIVE

TOP STORIES