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