Ntpc Divestment

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  NTPC Disinvestment Gets Off To Flying Start

  86 per cent of shares reserved for institutional investors were subscribed by afternoon.

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  Government Set to Raise Rs 5,000 Crore from NTPC Stake Sale

  Before the NTPC stake sale, the biggest divestment by the state in about six months, the government had managed to raise less than a fifth of its revenue target of around Rs 68,000 crore from stake sales.

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  NTPC Stake Sale Fixed For Tuesday, To Fetch Rs 5,000 Crore

  The government will sell 5 per cent stake in state-run NTPC on Tuesday to raise around Rs 5,000 crore. The floor price of the share sale has been fixed at Rs 122 per share.

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  Government Begins Roadshows for NTPC, BEL Divestment: Report

  The government has embarked on global roadshows at four locations including the US and the UK to attract investments for its big-ticket stake sale in NTPC and BEL that may fetch around Rs 6,600 crore to the exchequer.

• Government Approves Proposal to Divest Stake in NHPC

  The government has approved proposals for divesting a 11.36 per cent stake in NTPC and a 5 per cent stake in NHPC Ltd, a move that it likely to fetch Rs 8,247 crore to the exchequer.

• CIL stake sale not advisable until power utilities clear dues: Coal Ministry

  A lingering row between CIL and power producers, such as NTPC, is casting a shadow over 10 per cent divestment plans in the coal major as its parent ministry has reservations about stake sale till issues like Rs 9,000-crore dues owed by electricity utilities are resolved.

• NTPC share sale draws good response; stock falls

  The auction of NTPC shares drew good response from investors in the initial hours of sale today with bids coming in for over 30.51 crore shares in the first three hours of trade. The government is selling 78.32 crore shares, or a 9.5 per cent stake, in the state-owned power major and has set a floor price of Rs 145 a share.

• Government to divest 9.5% stake in NTPC on Thursday; floor price likely at Rs 145 per share

  The government has raised over Rs 10,000 crore so far this fiscal year from selling stakes in public sector units, including Rs 6,000 crore from NMDC.

• Ministerial panel to decide on NTPC stake sale today

  Empowered Group of Ministers (EGoM) chaired by Finance Minister P Chidambaram is expected to meet today to decide on time and price of 9.5 per cent stake sale in power major NTPC which could fetch Rs 12,000 crore to the exchequer.

• OIL share sale oversubscribed 2.5 times, government gets Rs 3,100 crore

  The government today garnered Rs 3,100 crore from sale of 10 per cent stake in Oil India (OIL), which was a resounding success with the issue being lapped up by more than twice the number investors originally targeted.

• Government likely to divest equity in Oil India, NTPC in Jan-Feb

  The government is likely to divest stake in Oil India next month, followed by National Thermal Power Corporation (NTPC) in February, to achieve its Rs 30,000 crore disinvestment target.

• NTPC stake sale likely on January 15, government may get Rs 12,000 crore

  The government is likely to sell 9.5 per cent of its stake in the largest power generator NTPC on January 15 which could fetch the exchequer over Rs 12,000 crore at current market price.

• Government begins exercise to offload 9.5% equity in NTPC

  The government today 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.

• RINL issue will be revisited in a month or two: Divestment secretary

  Disinvestment secretary Haleem Khan today said the public offer of Rashtriya Ispat Nigam Limited (RINL) will be revisited in a month or two.

• Govt in a hurry, may flag off Rs 30,000 cr divestment process next month

  An inter-ministerial draft note for the sale of a 9.5 per cent stake in NTPC Ltd has already been circulated.