Govt initiates 9.5% NTPC stake sale

The government on Tuesday initiated the process of disinvestment in NTPC by inviting bids from merchant bankers for 9.5 per cent stake sale in the power major, which may fetch the exchequer over Rs 12,000 crore.

The merchant bankers are required to submit their application by December 14.
The government currently holds 84.50 per cent stake in NTPC and post disinvestment Government's holding would come down to 75 per cent.

The paid up equity capital of the company, as on March 31, 2012, is Rs 8,245.46 crore.
Shares of NTPC were trading at Rs 158.55, down 0.41 per cent on the BSE. At the current market price, NTPC disinvestment could fetch around Rs 12,400 crore to the exchequer.

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