NTPC OFS for employees mops up Rs 202 cr

The government has raised Rs 202 crore from the employees of NTPC by selling shares of the power utility under the offer for sale (OFS) route.  A total of 20.6 million shares were sold at Rs 115.9 apiece to NTPC employees between June 26 and July 5. This is one of the highest-ever employee participation in a government disinvestment. 

The NTPC OFS was originally held on February 24, which had helped the government mop up Rs 5,014 crore. Centre, in the OFS, had divested 5% of stake in NTPC at a floor price of Rs 122 per share. Retail bidders and employees were entitled to an additional 5% discount. Shares of NTPC on Tuesday ended at Rs 152.6, down 1.86%.