NTPC floor price set at Rs 145, a 4.79% discount
If the government manages to raise Rs 12,000 crore from the NTPC auction, total divestment proceeds in the current financial year will touch Rs 22,000 crore. The government had set a divestment target of Rs 30,000 crore for FY13, which was revised to Rs 27,000 crore late last month.
OFS has become the preferred route for many companies looking at diluting promoter stake. The transaction is completed within market hours in a single day in a transparent manner. It is also one of the permitted route for promoters who want to bring down their holding to comply with the minimum public shareholding norms.
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