Government gets bids for 7% stake in NTPC worth Rs9,100 crore
New Delhi: The government has received bids for 7% stake in India’s largest power producer NTPC Ltd, which will fetch about Rs9,100 crore to the exchequer. At the end of the two-day offer-for-sale (OFS), the government retained over-subscription it had received from institutional investors after retail investors bid for only 73% of the quota allocated for them.
The government had planned to sell over 412.2 million shares, or 5% holding, through the two-day offer-for-sale, with an option to retain a similar portion in case of oversubscription. PTI