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Feb 07, 2013, 04.08 PM IST
NTPC's weight in MSCI India index would rise from 0.63 percent to 1.79 percent as the company's free float stock increases after its offer for sale, Citigroup said in a note, quoting MSCI.
The government will sell 783.26 million shares, or 9.5 percent stake, in NTPC through a single-day auction, as part of its drive to raise Rs 27,000 crore by selling shares in some state enterprises in the 2012-13 fiscal year.
Citigroup also adds that NTPC's weight would increase in FTSE and Nifty indexes as well in March and April/May respectively, which should lead to a lot of passive demand/flows in the stock.
The investment bank expects MSCI to implement changes at its quarterly rebalancing on Feb 28.
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