NTPC's stake sale is set to hit the markets on Thursday after an empowered group of ministers (EGoM) led by finance minister P Chidambaram met to finalise the timeline and pricing of the issue.
"The NTPC disinvestment is scheduled for February 7 and is expected to raise Rs 12,000 crore," said disinvestment secretary Ravi Mathur after the EGoM meeting.
The floor price, or the minimum offer price for the issue would be notified to the stock exchanges on Wednesday, he said. But sources said that the issue is likely to be priced at about Rs 147-150 per share, which would amount to a discount of around 5 per cent on Tuesday's closing price.
The NTPC scrip gained 0.16 per cent on Tuesday to close at Rs 155.60 on the BSE but lost 0.19 per cent on the NSE to end at Rs 155.25.
The government proposes to sell 9.5 per cent stake or 78.32 crore shares in the central power utility through the offer for sale route. After disinvestment, its holding in the company would come down to 75 per cent from 84.50 per cent.
OIL stake sale yields Rs 3,141 cr
NEW DELHI: The government raised Rs 3,141.39 crore from the 10 per cent disinvestment in state-owned Oil India Ltd last week. "Realisation has been at an average price of Rs 523.15 per share. The issue has been oversubscribed 2.57 times," the finance ministry said on Tuesday.
http://www.indianexpress.com/
No comments:
Post a Comment