Govt may clear 9.5% stake sale in NTPC soon

The government is likely to approve 9.5 percent stake sale in state-run NTPC this Thursday.

“Cabinet may approve 9.5 per cent paid up equity capital in NTPC out of government’s shareholding of 84.50 per cent, a proposal by Department of Disinvestment, Ministry of Finance,” sources said.

This move is aimed at meeting the government’s disinvestment target of Rs 30,000 crore in the current fiscal.

The government would soon clear sale of about 78.33 crore shares resulting in 9.5 per cent stake dilution in NTPC.

The government currently holds 84.5 per cent stake in the Maharatna company. Post disinvestment, the government stake would come down to 75 per cent.

Continue Reading

Share

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *


*