Govt invites bankers for NTPC stake sale of 5% in public sector
The Government has invited proposals from merchant bankers to manage the proposed stake sale of 5% in public sector power utility NTPC, which could fetch it about US$1.9bn at current market prices.
The proposals must be made by Dec. 3, the Government said in a newspaper advertisement.
The invitation is also for a 10% stake sale in the unlisted public sector power producer Satluj Jal Vidyut Nigam.
In October, the Government had approved the stake sale in NTPC and Satluj Jal Vidyut Nigam.
The Centre also said that unlisted public sector companies making profits in the past three consecutive years should list, and all profitable, listed public sector companies must have at least 10% of their shares in public hands.
News beuro,
- Last Modified: November 24, 2009
- Filed Under: Latest News, MARKETS, NATION, WORLD
Leave a Reply
You must be logged in to post a comment.