NTPC's stock fell 5 per cent to Rs 134.30 on BSE.
Similar selling was seen in IOC, which shed 2.62 per cent at Rs 324.05.
"The Cabinet has approved 5 per cent disinvestment in NTPC and 10 per cent in Indian Oil Corporation (IOC)," a source said after the Cabinet meeting.
According to BSE data, the market capitalisation of NTPC stood at Rs 1,11,313.77 crore while that of IOC was Rs 79,321.21 crore as of today.
The government holds 74.96 per cent in NTPC and 68.57 per cent in IOC, according to BSE data.
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