NTPC is entering the market with a follow on offering where the principal shareholder the government of India is selling by way of divestment 5% of the equity amounting to 41.227 cr shares. The issue opens on Wednesday the 3rd of February and closes on Friday the 5th of February. Offer for Sale 41,22,73,220 shares [...]

The government today announced the floor price for its offer for sale of 5% of the equity in NTPC. The floor price is Rs 201 which is a discount of Rs 10.25 per share or 4.85% on Monday’s close of Rs 211.25 on the BSE. Retail investors and HNI’s will be offered half the issue [...]