New Delhi: The government on Thursday said it
would divest about five per cent of its stake in state-run
power firm NTPC by the end of this financial year.
"It is for the government to decide. The stake dilution
will be 4.75 per cent to 5 per cent," NTPC Chairman and
Managing Director R S Sharma told reporters here.
He said: "Time-frame for the divestment is being worked
out by the government. They want it by March end."
At the end of the June quarter, the government held a
89.50 per cent stake in the public sector firm and post
divestment, its stake would come down to 84.5 per cent.
About raising fresh equity, Sharma said as of now we do
not plan to raise any fresh equity.
Bureau Report
First Published: Thursday, September 10, 2009, 21:05