India seeks to sell up to 10 percent stake in top power producer NTPC

Updated: Mon, Aug 28, 2017
06:08 pm
Reuters
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India will sell a 5 percent stake in the country`s biggest power producer NTPC Ltd over two days to Wednesday with an upsize option to sell an additional 5 percent, according to a regulatory filing.

The government has set a floor price of 168 rupees ($2.63) apiece for the sale through a stock market auction, the filing showed.

Ahead of the announcement, NTPC shares closed 2.5 percent higher at 173.30 rupees in a Mumbai market that gained 0.6 percent.

($1 = 63.9000 Indian rupees)

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)