Divestment in NTPC : FPO Price Band
National Thermal Power Corporation (NTPC) is the largest power generating company in India with a nationwide presence. With improvement in the stock market, the Government is looking at divesting 10 per cent stake in the largest power generation company NTPC, the company is going to hit the capital market in Feb 2010 with a follow-on public offer ( FPO ) to raise nearly Rs 11000 crore to finance its expansion programme. Currently Government have 95 per cent stake in NTPC and after this proposed divestment of 5 percent it would come down to approximately 90 per cent.
The Price Band for the Follow-on Public Offer (FPO) of NTPC is likely to be around Rs.240 to Rs.250 per equity share.
NTPC share’s CMP is Rs 228.15 on 7th Jan 2010
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