Web Exclusive | February 2013
NTPC's stake sale may fetch Rs 11,425 cr
NTPC promoter, the Union government. received bids for 132.84 crore shares against the offer for 78.32 crore shares. The indicative price (weighted average price) rules a shade higher at Rs 145.91 against the floor price of Rs 145.
At the indicative price, NTPC’s stake sale could garner about Rs 11,425 crore to the exchequer, making it the biggest disinvestment so far this fiscal. The Government intends to shed 9.5 per cent stake through the offer-for-sale route. The Centre’s holding will slip to 75 per cent after the stake sale.
So far this fiscal, the Government has already raised over Rs 10,000 crore through stake sale in PSUs such as Oil India, NMDC and Hindustan Copper.