Login To Trade  |  About IIFL
  • NIFTY  7489.1  85.1 1.15%
  • SENSEX 24616.97  278.54 1.14%
  1. Market
  2. Equity
  3. Equity

Govt exploring stake sale in NTPC: report

India Infoline News Service | Mumbai | October 08, 2009 11:30 IST

At current market price, the government will fetch Rs85bn, stated reports.

The government plans to sell 5% in NTPC Ltd, through a follow-on public offering in the month of January, 2010 stated reports.

The proposal is likely to come up for approval by the Cabinet Committee on Economic Affairs at its meeting on today, reports added. At current market price, the government will fetch Rs85bn, stated reports.

The stock closed up 0.2 percent at 209 rupees on Wednesday. The government holds 89.5 percent stake in the company, which has a market cap of $36.9 billion.

Shares of NTPC have gained 1% to Rs210. The stock opened at Rs210 and made an intra-day high of Rs212 and a low of Rs209. Total traded volumes stood at 0.77mn shares.

Meanwhile, the BSE 30-share Sensex gained 30 points at 16,837 and the NSE Nifty was flat at 4,992.

BSE 124.70 [1.30] ([1.03]%)
NSE 124.80 [1.10] ([0.87]%)

***Note: This is a NSE Chart


Get the most detailed result analysis on the web - Real Fast!

Actionable & Award-Winning Research on 500 Listed Indian Companies.

Read more on: NTPC 
article
113092700503
Govt exploring stake sale in NTPC: report
Govt exploring stake sale in NTPC: report
At current market price, the government will fetch Rs85bn, stated reports.
http://www.indiainfoline.com/article/news-top-story/govt-exploring-stake-sale-in-ntpc-report-113092700503_1.html
October 08, 2009 11:30 IST
http://content.indiainfoline.com/_media/iifl/img/article/old/full/1579062758_LS_NTPC2
NTPC
Equity
$rawVideoFileUrl$
$videoPlayerUrl$

Download IIFL Markets App