PSU PRESS RELEASE
NTPC OFS for employees mops up Rs 202cr
NEW DELHI. The government has raised Rs 202 crore from the employees of NTPC by selling shares of the power utility under the offer for sale (OFS) route. A total of 20.6 million shares were sold at Rs 115.9 apiece to NTPC employees between June 26 and July 5. This is one of the highest-ever employee participation in a government disinvestment.
The NTPC OFS was originally held on February 24, which had helped the government mop up Rs 5,014 crore. Centre, in the OFS, had divested 5percent of stake in NTPC at a floor price of Rs 122 per share. Retail bidders and employees were entitled to an additional 5percent discount. Shares of NTPC on Tuesday ended at Rs 152.6, down 1.86percent.
Read Also : Vice Admiral Dinesh Kumar Tripathi appointed as next Chief of the Naval Staff
News Must Read
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE
- MCL Ib Valley Washery commenced commercial operation
- HAL bags Rs 65,000 Cr tender by Defence Ministry
- PSBs' growth output superseded Private Lending firms
- Northern Coalfields Limited CMD inspects Amlohri Area
- SCOPE organizes Public Sector Day celebrations
- IOCL Final Dividend Announcement Expected at April 30 Board Meeting
- Steel Cutting Ceremony of Indian Navy held at HSL Vishakapatnam
- DIPAM declines PFC-REC debt resolution proposal for KSK Mahanadi project