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Press Information Bureau
Government of India |
| Monday, October 19, 2009 | |||||
| Ministry of Finance | |||||
DISINVESTMENT OF 5% PAID UP EQUITY CAPITAL IN NTPC LTD. OUT OF GOVERNMENT OF INDIA SHAREHOLDING OF 89.50% |
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| 13:57 IST | |||||
| The Cabinet Committee on Economic Affairs today gave its approval for disinvestment of 5% paid up equity capital of NTPC Limited, out of Government’s shareholding, in the domestic market through book building process. After this disinvestment Government shareholding in the company would come down to 84.50%. NTPC Limited is engaged in the business of power generation. Government of India is holding 89.50% equity in the company and the balance is held by the general public. The shares of the company are listed on the stock exchanges in the market. On disinvestment of the proposed equity it is expected that the market capitalisation of NTPC would be higher and it would help the company to raise resources in the international market on competitive terms. The shares would be owned by the public and thus the objective of people-ownership in the public sector would also be achieved. |
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