State-run power giant NTPC
on Wednesday said it has offered 27.4 million equity shares
to its employees at a discounted price of Rs 159.60 per scrip.
The discounted price was fixed after factoring in 5 per cent discount
to the cut off price of Rs 168, discovered through the Offer For Sale
of equity shares
carried out by the government on August 29-30.
"In accordance with approval accorded by AM, Government of India (GOI) has offered 2,74,02,498 Equity Shares
of Rs 10 each to the eligible employees of NTPC
Ltd at discounted price of Rs 159.60 per share," NTPC
said in a BSE
filing on Wednesday.
GOI sold 7 per cent stake in the country's largest power producer, fetching about Rs 9,100 crore to the exchequer.
The company has initiated the process sale of equity shares
to the eligible employees. The offer for sale
of share will remain open from September 11-13.