The government is planning to raise up to Rs. 3,800 crores through the sell of at least 3.25 per cent stake in power producer NTPC Ltd. in the month of December. The disinvestment program of 10 per cent stake in NTPC has earlier been approved by the Cabinet, out of which 6.75 per cent had been already sold in August last year.
An official in an interview to PTI said: “NTPC offer for sale is being planned next month. At least 3.25 per cent would be put on the block, with a green shoe option, which will be decided based on investor demand.”
Up to Rs. 3,800 crores could be fetched through the sale of a proposed stake of 3.25 per cent in NTPC, at the rate of current market price. The official also said: “The merchant bankers are doing domestic roadshows for NTPC. Based on investor demand, the quantum of stake sale will be finalised.”
The government which currently holds 61.77 per cent stake in NTPC, through the sale of 6.75 per cent in NTPC last year, had raised over Rs 9,200 crores.