Govt plans HUDCO, NBCC, NTPC share sale; may raise Rs 5,900 cr
The Cabinet had already approved 10 per cent stake sale in power producer NTPC, of which 7 per cent was sold in August last year. The stake sale fetched Rs 9,100 crore. The source said that depending on market condition, the stake sale will happen. With regard to state-owned HUDCO and NBCC, the ministry is keeping the companies ready to launch it as and when the time is ripe.
The finance ministry will soon float Request for Proposals (RFP) to appoint merchant bankers for managing the stake sale of HUDCO and NBCC, a source said. Image source: Reuters