NTPC shares down nearly 3%
Shares of NTPC fell by nearly 3
per cent today after the government said it would sell 5 per
cent stake in the country's largest power producer at Rs 168,
which was at a discount of over 3 per cent to yesterday's
The stock slipped 2.80 per cent to settle at Rs 168.50 on
BSE. During the day, it dived 4.23 per cent to Rs 166.
The scrip was the worst performer among the 30-share
On NSE, shares of the company fell by 2.82 per cent to
close at Rs 168.40.
In terms of equity volume, 5.81 lakh shares of the
company were traded on BSE and over two crore shares changed
hands on NSE during the day.
The government's 5 per cent stake sale offer in NTPC was
lapped up by institutional investors who over-subscribed the
portion reserved for them by putting in bids worth nearly Rs
Bidding for retail investors, who will be offered 5 per
cent discount over the floor price, will open tomorrow.
The floor price of Rs 168 was at a discount of over 3 per
cent to yesterday's closing stock price of Rs 173.35.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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