Govt to Disinvest 5 % stake in NTPC

New Delhi Aug 28: An event will take place soon.The Central government has decided to sell up to 5 per cent stake in NTPC.

* The government has fixed a floor price of Rs 168 per share.

* The sale will be conducted by a two-day offer-for-sale (OFS) beginning Tomorrow.

* The government has also said that it would issue a similar number of
shares in case of over subscription.

* The government will sell 41.23 crore shares of the company.

* Officials predict that the sale would fetch about Rs 7,000 crore to
the exchequer.

* Shares of NTPC on Monday closed 2.48 per cent up at Rs 173.35.

* The two-day OFS would open for institutional investors on Tuesday

* Retail investors would get to bid on August 30. A retail investor is defined as the investor who bids for shares not more than Rs 2 lakh.

* The offer shall take place during trading hours on a separate window of the stock exchanges.

* The sale begins at 9:15 am and shall close on the same date at 3:30 p.m.

Experts say that the sale of the stake of NTPC is a part of government's disinvestment policy to raise more funds by reducing its stake in government companies. Currently, the Government of India holds 69.74 % of equity shares in the company.