The government will sell 9.5% stake in power major National Thermal Power Corporation (NTPC). Decision was taken at EGoM meeting held in New Delhi this evening. The disinvestment will take place on Thursday through offer of sale route. Government expects to raise 12 thousand crore rupees from the sale of shares. The price for sale will be communicated to stock exchanges tomorrow.AIR correspondent reports that the government has raised over 10 thousand crore rupees so far in the current financial year from sale of stakes in public sector undertaking as against budgeted target of 30 thousand crore rupees.
News On AIR | February 5, 2013 7:52 PM
Govt to 9.5% stake in power major NTPC