Disinvestment dept to make NTPC FPO presentation on Dec 15
Quotes

Disinvestment dept to make NTPC FPO presentation on Dec 15

Last Updated: Sunday, December 09, 2012, 18:11
 
 Comment 0
 
Disinvestment dept to make NTPC FPO presentation on Dec 15
Kolkata: The Department of Disinvestment (DoD) will make a presentation to the government on December 15 for the proposed follow-on-offer of NTPC Ltd targetting to raise around Rs 13,000 crore.

Announcing this at the sidelines of PanIIT Global conference here on Sunday, NTPC Chairman and Managing Director Arup Roy Choudhury expressed optimism that the Follow-on Public Offer (FPO) would be completed within March.

On November 22, the government had approved sale of its 9.5 percent stake in the country's largest power producer NTPC.

The Cabinet Committee on Economic Affairs (CCEA), at its meeting that day gave the green signal for NTPC disinvestment by way of offer for sale through stock exchanges.

After the disinvestment, Government of India's shareholding in the company would come down to 75 percent.

Referring to the 1,320 MW coal-fired power project being set up in Bangladesh by NTPC at a cost of USD 1.5 billion, Roy Choudhury said the project was on schedule.

PTI



First Published: Sunday, December 09, 2012, 18:11


Comments


comments powered by Disqus
BRICS Annual Summit 2014
BRICS Annual Summit 2014
Tata Zest Standout Features: In Pics
Tata Zest Standout Features: In Pics
New car launches in July
New car launches in July
Tata Zest first drive review: In pics
Tata Zest first drive review: In pics
Google I/O 2014
Google I/O 2014

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved