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News Brief | January 2013

Govt may sell stake in NTPC to get Rs 12k cr

The Union government may divest 9.5 per cent stake in NTPC on January 15, sources in the Union finance ministry said. The government proposes to divest the stake in the largest power generator via offer for sale (auction) route, the sources added. In NTPC, the Maharatna company, the government holds 84.5 per cent stake. Post-disinvestment, the government stake would come down to 75 per cent. NTPC became public with an initial public offer in 2004. Thereafter in 2009, the government further diluted its stake in the company through a follow-on public offer  (FPO). The power generation company had reported a net profit of Rs 9,223.73 crore in the last fiscal as against Rs 9,102.59 crore in 2010-11. The  market capitalisation of the company stood at 1,34,194.93 crore at the end  of March 2012.

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