Press Esc to close
Monday 21 August 2017
News updated at 7:30 PM IST

NTPC divestment likely on Jan 15

New Delhi, Dec 11, 2012, PTI: 21:35 IST
The government is likely to divest 9.5 per cent of its stake in the largest power generator NTPC on January 15, sources said.

“NTPC is next on the government’s divestment agenda. The issue is likely to hit the market around January 15, 2013,” sources in the finance ministry said.

The government proposes to divest 9.5 per cent stake in NTPC via Offer for Sale (auction) route, they added.

NTPC shares on Tuesday close at Rs 154.30 a share, down 1.66 per cent on BSE.

The government holds 84.5 per cent stake in the Maharatna company. 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 the 2010-11.

The market capitalisation of the company stood at 1,34,194.93 crore at the end of March 2012.

As part of the disinvestment process, the government has lined up around a dozen companies for stake sale to realise the target for the current fiscal. The government has set a disinvestment target of Rs 30,000 crore in the current fiscal.

Last month, the government initiated disinvestment process by selling 5.58 per cent stake in Hindustan Copper for about Rs 808 crore at an average price of Rs 156.56 apiece.

NMDC’s 10 per cent share sale is scheduled to take place tomorrow. The offer may fetch a maximum of Rs 5,947 crore to the exchequer.

The government, which has 90 per cent holding in the iron ore producer NMDC, plans to divest 39.65 crore shares, amounting to 10 per cent of its equity through offer for sale.

Go to Top

Photo Gallery
A butterfly on a flower at a park in Guwahati on...

A butterfly on a flower at a park in Guwahati on...

An artist giving finishing touches to the idols of Lord Ganesha during the upcoming...

An artist giving finishing touches to the idols of Lord Ganesha during the upcoming...

Villagers fishing in the flood-hit Balimukh village in Morigaon district of Assam...

Villagers fishing in the flood-hit Balimukh village in Morigaon district of Assam...

Women take part in an attempt to break the Guinness World Record for the largest 'Disco Dance' to...

Women take part in an attempt to break the Guinness World Record for the largest 'Disco Dance' to...

A villager carrying household items submerged in flood waters, at the flood-hit Balimukh...

A villager carrying household items submerged in flood waters, at the flood-hit Balimukh...

Legend cricketer Sachin Tendulkar with his fans during the 2nd edition of Mumbai Half Marathon...

Legend cricketer Sachin Tendulkar with his fans during the 2nd edition of Mumbai Half Marathon...

Fruit vendors row a boat as they look for customers inside the Dal Lake in Srinagar, the summer...

Fruit vendors row a boat as they look for customers inside the Dal Lake in Srinagar, the summer...

Bollywood actor Ranveer Singh walking the ramp at the Lakme Fashion Week Winter Festive 2017...

Bollywood actor Ranveer Singh walking the ramp at the Lakme Fashion Week Winter Festive 2017...

A flower composition is seen during the 48th Debrecen Flower Festival in Debrecen, 226 kms east...

A flower composition is seen during the 48th Debrecen Flower Festival in Debrecen, 226 kms east...

Bollywood actor Vidyut Jamwal showcases a creation by designer Kazingmei during Lakme Fashion...

Bollywood actor Vidyut Jamwal showcases a creation by designer Kazingmei during Lakme Fashion...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.