NTPC disinvestment likely on 7 Feb: sources

<br /><br /> The floor prices for the auction is likely to be announced a day ahead of the sale, said the sources.

hidden December 20, 2014 16:24:45 IST
NTPC disinvestment likely on 7 Feb: sources

Mumbai: The government's share sale in state-run power producer NTPC Ltd to raise roughly $2 billion is likely to take place on 7 February, three sources with direct knowledge of the situation said on Friday.

NTPC disinvestment likely on 7 Feb sources

NTPC ready for stake sale. Reuters

The government, which owns 84.5 percent of NTPC, plans to sell a 9.5 percent stake in the company to institutional investors through an auction of shares.

The floor prices for the auction is likely to be announced a day ahead of the sale, said the sources, who declined to be named as they were not authorised to speak to the media.

Officials at the Department of Disinvestment, responsible for handling state stake sales, could not immediately be reached for a comment.

Reuters

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