Moneycontrol
Jan 27, 2013 11:20 AM IST | Source: Reuters

NTPC's $2 billion share sale likely on February 7: Sources

The government's share sale in state-run power producer NTPC Ltd to raise roughly USD 2 billion is likely to take place on February 7, three sources with direct knowledge of the situation said on Friday.

 
 
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The government's share sale in state-run power producer NTPC to raise roughly USD 2 billion is likely to take place on February 7, three sources with direct knowledge of the situation said on Friday.


The government, which owns 84.5 percent of NTPC, plans to sell a 9.5 percent stake in the company to institutional investors through an auction of shares.


The floor prices for the auction is likely to be announced a day ahead of the sale, said the sources, who declined to be named as they were not authorised to speak to the media.

Officials at the Department of Disinvestment, responsible for handling state stake sales, could not immediately be reached for a comment.

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